TEC load ...
On the roughly 1.5 million ... $350/day monitoring fee would by my calculation ... add about $10,000/month .... and 12% interest would add about $15,000/month ... over 6 months it adds up to be a significant addition to the 1.5 million.
I think the question should be less about who 'Heavy' is and more about the 'insider' marker events over the last week or so.
TEC is just one shoe that can be dropped at any moment ... and Joe holds the other shoe that can be dropped equally as fast with his mortgage leverage.
TEC waived the 'default' clause ... they didn't waive the loan terms and all it would take is a 30 day demand notice.
Dianors Threegold shares would not have made up the outstanding loan repayment and TEC would likely have viewed the recent Threegold run as as good a practible time to dispose of the Threegold shares as any and if Dianor did not take that opportunity to do so ... it isn't hard to imagine TEC dropping the notice.
If the 'insider' marker is related to TEC in some fashion ... 3.8 million shares cloaked one way or the other and the odd lot out of the bunch being caught by 'marker' ... well that might explain things away ... albeit ... knowing that wouldn't be a good thing necessarily ... for confidence that is. (I have to be clear ... no idea if TEC is selling their shares ... just suggesting they could be getting marked if it is the case. Fact is ... somebody is getting marked as an insider while nothing has been reported to Sedi))
Like I said ... kind of crazy to be focused on who 'Heavy' is or isn't when there are much 'heavier' issues at play for all vested interests.