(Total Views: 196)
Posted On: 02/05/2019 8:21:10 AM
Post# of 36566
many reasons why they are doing this....
these are worst than bill collectors....when they see a weakness they want to take advantage.....there is a weakness in that the stock did not get listed like it stated in the agreement....
"The Company will become obligated to repay the Note prior to maturity if the Company’s common stock is not listed for trading on a NASDAQ market on or before ninety (90) days after the date of the Note. Company will become obligated to repay the Note prior to maturity upon the occurrence of certain other triggering events, including, breach of the covenants under the Note or Securities Purchase Agreement, breach of certain other contractual obligations, and the occurrence of a change in control of the Company."
so one line of the agreement was not met....but the obligation to pay the note is not yet in default.....hence why Moscato is going to fight this, for him and for us....
why they do this.....to get more of these precious shares....
these are worst than bill collectors....when they see a weakness they want to take advantage.....there is a weakness in that the stock did not get listed like it stated in the agreement....
"The Company will become obligated to repay the Note prior to maturity if the Company’s common stock is not listed for trading on a NASDAQ market on or before ninety (90) days after the date of the Note. Company will become obligated to repay the Note prior to maturity upon the occurrence of certain other triggering events, including, breach of the covenants under the Note or Securities Purchase Agreement, breach of certain other contractual obligations, and the occurrence of a change in control of the Company."
so one line of the agreement was not met....but the obligation to pay the note is not yet in default.....hence why Moscato is going to fight this, for him and for us....
why they do this.....to get more of these precious shares....
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