Here's some out of the box thnking (or perhaps some thinking that would put some people IN THE BOX - as in the Klink).

Have Lecky take the 950K loan, and buy PTSC shares with it (could get around 6M shares). Turn around and announce some licenses, watch the pps rise to 20 cents, and sell 2M shares back in the market netting $400K. Keep $140K for taxes, and give PTSC back $260K plus 3.5M shares, now worth $700K for a total payback of $960K, and forgive the rest of the interest.

TPL keeps 500K shares of PTSC, PTSC gets 3.5 shares off the float, and there's no cost to either party. Float is reduced.

Rinse and repeat.

LOL.