You need to ask why not just pay the extra $95k from the cash...

You need to ask why not just pay the extra $95k from the cash reserves? They just raised over $2.6 mil surely thats a better result then 17 mil @ $0.0055

Also as the loan was only 6 months the effective annualized interest rate was 220%!!!!

Speculation on social media who Contact Nominees actually is as well which raises more eyebrows... should it be true.

They aren't doing themselves any favors when it comes to finding this White Knight Financier.