oh boy.

Alliacense is a TPL entity.

TPL has funding issues.

If the owners of TPL don't want to fund TPL, why should PTSC?

Why would PTSC make a second loan to TPL that is unseccured, when the first loan to TPL was secured? (PTSC won't give me an answer; maybe you and milestone can text in for one)

Did accounting principles call for a compulsory and complete writedown to zero, or does PTSC internally value the loan at zero, if so why?

The rest of your 'lecture' is not worth commenting on.