RE:RE:RE:Q3 Preview: 122% Rev Growth w Record EBITDA…I assume the "friendly hands" holding the debt understands that:
#1 After restructuring terms June 2019, the loans were still not possible to be paid off on time by URL. The "friendly hands" dont care because they are intimate URL.
#2 The best option for non-"friendly hands" shareholders is to get a loan structure that makes sense so that URL can attract investors that are not moving in based on negative fundamentals(debt obligations). URL has options for institutional "lenders" but why not make your "friendly hands" money by paying them interest with short term loans that need to be restructured every year.
#3 The "friendly hands" may know that they are close to being able to sell URL so the loan term doesn't matter nor does the share price because they will be getting a nice multiple based on sales and not based stock price.
these are my thoughts only