You're right, he did loan to the company. People who haven't read about it yet should be shown the full description. Not just the parts you want people to read.
- In May 2024, P. Peter Pascali provided a $1 million loan to the Company with a maximum term of twelve months. The loan bears interest at 10% provided that if the loan is repaid within 45 days of the loan date, no interest shall be owing."
How are they going to pay $1,000,000 within 45 days, and who decides if they pay it?