First paragraph of the release speaks volumes.
Post# of 316
COLUMBIA, SC--(Marketwired - Jan 22, 2015) - NuState Energy Holdings, Inc. (OTC PINK: NSEH) announced today, that the Convertible Note paid to the creditors by IBC Funds LLC Is Paid Off and Sold Off as of January 19. The note was used to assist the company in paying the outstanding debt, which will be eliminated from the company's balance sheet.
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