"Under the terms of the Facility that Panax has secured with...

"Under the terms of the Facility that Panax has secured with Deer Valley :
"Panax has incurred no entry fees or transaction costs resulting from entering into the Facility;"

Hi flyboy
There would be no way IMO 35K would be a monthly fee if that is what you are refering to.
This is simply an issue IMO.One that does not comply to the original contract.
I am sure in the fine print there is some clause that allows this, in other words us shareholders(owners) are being treated like idiots and potentially taken to the cleaners.