$631k ($325kCash and 17 mil shares) to repay loan and balance of $420k, so really the deemed issue price was $0.0055 (not the $0.018)... no wonder there has been so much selling pressure.
How they can justify and get away with this blows my mind.
A $300k loan just ended up costing 210% to repay and considering the loan was only in place for less then 6 months.... wow... just wow.