Keep in mind that this report is only to April 30th and we already knew that at that time, they had not paid down the 50% of the April 30 PP. I do, however assume that none was paid down since or they would have probably said so in a note. Red jighlighting below added by me. 

"Third Eye Loan On May 7, 2018, we announced we had closed a US$30 million senior secured loan (the “Third Eye Loan”) with Third Eye Capital (“Third Eye”). The loan bears interest at 10% per annum. On April 30, 2019, we entered into a loan amendment to extend the maturity date of the loan from May 4, 2019 to August 4, 2019. We are currently in discussions with Third Eye regarding the repayment and/or extension of the Third Eye Loan beyond August 4, 2019. The Third Eye Loan includes covenants that we must comply with including a minimum cash balance of US$3.0 million, a current ratio of 1:1 (with the current ratio calculation excluding warrant liability, unearned licensing rights fee and debt from the current liabilities denominator), and a minimum market capitalization of CAD$150 million. The Third Eye Loan is subject to mandatory prepayment provisions requiring at least 50% of the net cash proceeds of asset dispositions, licensing, distribution or partnership agreements, royalties, debt or equity issuances, grants and tax refunds to be applied to repayment of the Third Eye Loan (unless waived by Third Eye). During the year ended April 30, 2019, we repaid approximately $15.5 million of the Third Eye Loan, corresponding to 50% of the net cash proceeds totaling approximately $30.9 million from private placements and warrant exercises in the period. During the year ended April 30, 2019, Third Eye waived repayments associated with net cash proceeds totaling approximately $16.4 million from private placements."