Well those are very good questions and rightly asked by a shareholder. If I was a director at the time and see the business case presented at the tine, I would have thought that Milestone Sport is a gold mine that has products in direct competition with FitBit. When after investing in a company that you can see is not producing results and there is no clear pathway to get out of, you would want to get whatever you can back from the loan. this includes settling for substantially less than what was loaned. something back is better than nothing. that's my opinion anyway. this opinion might be different to a more prudent business person.
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