Obviously $5 million USD isn't enough to satisfy the remaining balance, and being out of complaince with a loan that leverages all the company's assets....obviously this is a material matter in my view..

I have emailed Paul and left a voice message to that effect. Have they breached other covenants of the loan? The requirement to maintain cash in excess of $5 million? The requirement to make monthly interest payments?

These are material matters in my view...