Its got to be paid back next week !
It either gets paid back (presumably by majority shareholder 5USports), or either a) the BVI registered company could take control of some of 5USports share of NT Ventures, or b) new shares are issued in NT Ventures to the value of the investment thereby diluting 5USports share of the company.
That's the way I read it anyway!!
NT Ventures has a total share issue of around 2.8 million £1 shares...or which 5U own 60%..... 1.68 million of the shares.
So the BVI company could have a claim to 1.1 million of those.....or the total shareholding in NT Ventures is increased to 3.9 million as a result of this injection of capital......and 5U only then own 43% of the holding company.
Is that simplistic enough?
The investment is by way of Belle de Jour......Belle de Jour = David Bower....that's the same David Bower who resigned as a director of NT Ventures in September last year, soon after the 5USports "takeover".......
Of course...I may have made all the above up!!