The Q indicates the Company is in default on $3.5M
Post# of 82672
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Posted On: 11/19/2019 8:18:07 AM
The Q indicates the Company is in default on $3.5M in convertible debt. There are certain implications with that, depending on the terms
of the notes, including severe interest penalties, issuance of additional penalty shares, filing of confesses judgement, possibly a lien on the intellectual property of the Company. Hopefully Kay has a good relationship with the note holders and can mitigate the potential issues, if any. IMHO
of the notes, including severe interest penalties, issuance of additional penalty shares, filing of confesses judgement, possibly a lien on the intellectual property of the Company. Hopefully Kay has a good relationship with the note holders and can mitigate the potential issues, if any. IMHO
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