Tinybeans Announces Directors’ Loan Financing 

Directors in Tinybeans providing financing:

• $800K in additional liquidity to be provided via director loans
• Loan is interest free for the first 45 days and thereafter carries a 12% p.a. interest rate. The term of the  loan  is  six  months. 
• Subject  to  shareholder  approval  at  the  Company’s  next  AGM,  the  lenders  are entitled to 50% stock option coverage (one option for every $2 advanced), exercisable at the price equal to the five-day VWAP calculated using the 5-day period up to today. The options shall expire on the fifth anniversary of their issue.
• The loan proceeds will be used to  support  the  Company’s  operations  ahead  of  the  anticipated  listing  on  the  Nasdaq.

Seems like a minor red flag? If Tinybeans does not have the liquidity to complete the listing without this loan...should they even be listing at all?