Mosaic ImmunoEngineering is a nanotechnology-based immunotherapy company developing therapeutics and vaccines to positively impact the lives of patients and their families.
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So the net effect of the first loan is that PDS can loan $950,000 to TPL that they have not yet collected. This is fine except for the write-off part. If all MMP license fees must come through PDS on the way to TPL/PTSC then all PDS has to do to retrieve the loan amount is to deduct it from the next license distribution to TPL. If they choose to ignore that deduction then TPL would have succeeded in altering the ratio of payments. (In addition to the interest payment.)
