Toinv,

Or maybe DM is seeking to only raise funds AFTER the  Top Line is announced as he might be convinced that we will have great results and he can pay off the loan with dilution at $20 a share instead of $3-4.

If he thought there was a good chance of not making primary  he would be a fool to not dilute now, pay off the loan and fill the treasury,... cause after failure is announced we are at a minimum goong back to $1.

Hard to say what DM is really thinking.