The most important sentence...The Company was in serious financial difficulty and had no means to repay the debts owing to Sentient.
Sentient is being nice, instead of just bankrupting the Company it is giving it another chance to try and do something! But really, how much lipstick can you put on this pig? And... can they raise $2.5 million? They couldn't 6 years ago and that's how we ended up with Sentient.. our saviour, remember!!! lol