In total agreement with your comments here!

Don has less than 3 months to produce, as he pledged it all!

What I want to know, is this a standard practice in the industry?

The Company granted the Fund a security interest in all of its assets, including its patents and other intellectual property, as security for its obligations under the Debenture.

https://www.globenewswire.com/news-release/2019/09/27/1921882/0/en/Resverlogix-Announces-US-12-Million-Debenture-Financing-and-Full-Repayment-of-Loan.html