Amazing that letting SD use this money for 9 months, for free, turns into accusations of fraud.
It's a surprise. When did you declare this shareholder's loan? I wasn't aware of it. It's not stated in the IPO, and there's no published shareholder's agreement. You really owed it to us to make this arrangement clear at the time of the IPO, not now.
It's too bad that the IPO's purpose wasn't to provide capital for the betting pool, which is what would have made sense.