It is very interesting, mathematically, that existing shareholders should suffer draw-downs of $$ MILLIONS, so that the 3 execs can resolve only $197K overdue debt. This, the surely could have paid amongst themselves, and compensated themselves after the substantial revenues that have been promised begin, via bonuses. Or handled it as a loan from themselves to the company at 10%.
Which again could have been repaid once the promised signed deals begin to produce substantial revenue. It is hard to imagine a more destructive deal than this one.