Posted On: 04/17/2015 10:05:53 PM
Post# of 7775
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I'm confident they will get their affairs in order, it's just that the last PR seemed to be cobbled together unlike previous company PR's that were more thought out. On the bright side, I think they wanted to inform shareholders via PR now, vice having us find out about these two material events via a Form 8K filling later.
Next biggie for me is how they handle the convertible note due on or before June 1st. Settling the note by conversion to shares, another extension or through dilution will help me gauge how confident the officers and "investor" are with the companies progress and direction.
From the Annual Report page (13)
Effective February 1, 2015, the Company and Green Cures, Inc. and the investor agreed to an extension of the maturity date of the note from February 1, 2015,
to June 1, 2015. In connection with the extension, Green Cures Inc. and the investor agreed that they would not convert any amount of the principal or interest of the note until at least June 1, 2015.
Next biggie for me is how they handle the convertible note due on or before June 1st. Settling the note by conversion to shares, another extension or through dilution will help me gauge how confident the officers and "investor" are with the companies progress and direction.
From the Annual Report page (13)
Effective February 1, 2015, the Company and Green Cures, Inc. and the investor agreed to an extension of the maturity date of the note from February 1, 2015,
to June 1, 2015. In connection with the extension, Green Cures Inc. and the investor agreed that they would not convert any amount of the principal or interest of the note until at least June 1, 2015.
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