Correct, and it is financed at 12.5%, not a cheap rate but PNCL Corp feels it is fair for an "unsecured" loan. I would hardly call it "unsecured" since Daddy Delta calls the shots for PNCL Corp so I would not think PNCL would tell Delta to screw off when it comes to making payments.

So what is that? About 19 mil in interest that Corp will pay? Yeah, they sure sound broke to me