The Nov 30 financials note 8 indicate the Term Loan ($2.65mm o/s at Nov 30) is due March 13, 2013. If they have to pay that there won't be much of the $3 million left. I have to think that is why they needed $3 million now. While it would be nice to have to drill with (btw this loan facility costs ATK $33,000 per month interest) and due to there being no guarantees the remaining $18 million is coming if I was the lender I'd want to get my money NOW. Just my 2 cents