Does the raise have anything to do with this from
Post# of 96879
Posted On: 04/28/2016 2:52:59 PM
Does the raise have anything to do with this from the SHL we just got?
The terms of the investments we took in 2015 require that we honor conversions into shares when requested by the
investors for the outstanding notes that are due. In the past quarter I have negotiated a significant reduction in the
amount of conversions taking place, and as soon as we have completed the recapitalization plan we will have
reduced our outstanding obligations and exposure to further issuances by 80%.
The terms of the investments we took in 2015 require that we honor conversions into shares when requested by the
investors for the outstanding notes that are due. In the past quarter I have negotiated a significant reduction in the
amount of conversions taking place, and as soon as we have completed the recapitalization plan we will have
reduced our outstanding obligations and exposure to further issuances by 80%.
(2)
(0)Nanotech Entertainment Inc. (NTEK) Stock Research Links
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