(Total Views: 839)
Posted On: 05/17/2017 8:36:54 AM
Post# of 3935
Watch MMs they are key here this nugget in 10k has been overlooked by many.
ITEM 3. LEGAL PROCEEDINGS
St. George Investments, LLC v Giggles N’ Hugs
On March 23, 2017, St. George Investments, LLC ("St. George"
served an arbitration demand and summons claiming that the Company had breached its obligations under a convertible note by preventing St. George from converting the remaining balance of the note to common stock. The parties disagree as to the conversion price set in the note agreement due to execution by the parties of different versions of the document. St. George has claimed for additional damages. We believe these claims lack merit and have retained counsel to vigorously defend this action and present cross claims for mistake, rescission, breach of the covenant of good faith and fair dealing and unjust enrichment (See Note 6) .
See section highlighted in green this tells me St George is out of conversions and were trying to fraudulently get more shares if they had any to sell we would be seeing it but we have not.
http://www.otcmarkets.com/edgar/GetFilingHtml...D=11997236
ITEM 3. LEGAL PROCEEDINGS
St. George Investments, LLC v Giggles N’ Hugs
On March 23, 2017, St. George Investments, LLC ("St. George"
served an arbitration demand and summons claiming that the Company had breached its obligations under a convertible note by preventing St. George from converting the remaining balance of the note to common stock. The parties disagree as to the conversion price set in the note agreement due to execution by the parties of different versions of the document. St. George has claimed for additional damages. We believe these claims lack merit and have retained counsel to vigorously defend this action and present cross claims for mistake, rescission, breach of the covenant of good faith and fair dealing and unjust enrichment (See Note 6) . See section highlighted in green this tells me St George is out of conversions and were trying to fraudulently get more shares if they had any to sell we would be seeing it but we have not.
http://www.otcmarkets.com/edgar/GetFilingHtml...D=11997236
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