There's an RNS from Toople this morning that gives an update on a private placement and loan repayment:

RNS

In May 2016 the loan was £750k, and in May 2017 the amount outstanding was restated as £606,756.

Today's RNS states that the lender (David Breith) has accepted £150,000 repayment in full and final settlement of the loan.

Perhaps I'm missing something here, but why would Mr Breith effectively write off a little over £450k?


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