So when you see this: If that $47,000 Asher not

So when you see this:

Quote:

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If that $47,000 Asher note is in default that means all the other notes are also in default, turns out that late 10k and auditor resigning turned out to be a bigger thing than people realized.

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.....ask that cat about this(the $500k TYP note):

4. RIGHTS UPON EVENT OF DEFAULT .

4.1. Event of Default . If any default, other than a default pursuant to Section 4.1(a) or (b) below is curable, then the default may be cured (and no Event of Default will have occurred) if the Company, either (a) cures the default within fifteen (15) days of the occurrence of such default, or (b) if the cure requires more than fifteen (15) days, immediately initiates steps that the Holder deems in the Holder’s reasonable discretion to be sufficient to cure the default and thereafter diligently continues and completes all reasonable and necessary steps sufficient to produce compliance as soon as reasonably practical. Each of the following events shall constitute an “ Event of Default ” as of the date such event first occurred:

.......guess what............he just throws stuff out there to see who it sticks to................think about that....

......and then say who gives a f'..because :

If we fail to pay the Default Amount within 5 business days, Asher may, among other remedies, convert the Default Amount into shares of our common stock as provided under the terms of the Notes.

Prior to receipt of the Notice from Asher we were working with Asher to negotiate and complete a settlement of amounts owed by us under the Note, and are continuing to work with Asher to settle our obligations under the Note following receipt of the Notice.

...........ooooooooooooohhhhhhhhh...........big fn' deal...