That question was on my radar.....however your context ie value of the IP is very much appreciated.  

Further to Koo's point, not worrying about that IP being used as collateral, I still am not worried for the reasons previously mentioned.  HL stepped up and protected their investment by paying off the previous loan....of course Eastern didn't participate, but then perhaps that makes perfect sense.  If the loan had defaulted Eastern would have taken the whole store.  

So in retrospect we might want to congratulate DM for having brought HL on board back in 2015...I think it was March/April of that year they bought in. 

Now by bringing this Third Eye group in....now when that loan becomes due, assuming it closes of course, in 12 months or so.....then its both Eastern and HL who will have a vested interest in ensuring Resverlogix has the means to satisfy the loan.