KOO & JJ - I find something confusing in the Propectus. The numbers at the bottom that you posted, KOO from the Prospectus are numbers from January 31/19 with the final two numbers referring to loan amounts remaining if Min. and Max. subscription of the April 1/19 PP were achieved. Notice that the headings refer to Q4 (Feb.1 - Apr.30) and PP, not PO. This would make it appear that they paid the 50% of proceeds on that PP. Then they confuse things in the same section by making the statement below in bold that says they didn't pay the 50% on the April 1 PP. I am not sure why in June, they would infer having made the 50% payment for the April 1 PP and at the same time infer that it hasn't been made. By June, one would think that they would know whether they had made that payment or not. If they did not make it they should correct it by removing the line that infers that they did so the two agree with each other.

 The outstanding balance of the Secured Loan at April 30, 2019 was US$14,536,692. 

Senior Secured Term Loan(5)US$30,000,000    US$14,172,000     US$9,797,120      US$7,291,850