It's articles like this one which make me lose what little faith i have in Terry....https://www.stuff.co.nz/business/money/5062322/Serepisos-troubles-may-put-loan-deal-at-riskThe loan deal is not at risk Terry, because it is a scam that will never happen.Who hasn't reached this conclusion already? It can't be a pretence on terry's behalf to other creditors can it- because they can't be that stupid.Really worried that this is genuine self-dellusion.
My guess is that he's just trying to buy some time. If you keep up the pretence that it might come through you have something to tell people who are asking for money.
The alternative you outline is far too scary to contemplate