I think you are correct regarding the AVX loan being repaid first Furian. Extract from below Nov 5th 2012 announcement: "Avexa's loan should be repaid out of the first year's cash flow." I believe the final loan amount was US$4m which I'd like to think once repaid should keep the company kicking along (without the need for another capital raise) while we all patiently wait for this very unconventional approach to build the bank to pay for the final ATC trial and with a bit of luck get this product to market at long last!!
