Financial information to expect: The last filin
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Posted On: 07/03/2021 1:40:11 PM
Financial information to expect:
The last filing on the Fife payments was the June 4th 8-k. That covered the April and May required debt reductions of $7.5 million.
There was another $7.5 reduction required in June and another is required in July. So, perhaps we see filings on them soon. CYDY is required to disclose if they issue more than 1% of outstanding shares since a previous filing.
That threshold is about 7 million shares. The partial May reduction cost 2.8 million shares to reduce the debt by $4.5 million (about $1.61 per share). Fife doesn't have to accept shares to reduce the debt. He can demand cash.
If Fife extends them another loan to help pay the past loans, that needs to be disclosed immediately.
The 10k is due August 16.
The last filing on the Fife payments was the June 4th 8-k. That covered the April and May required debt reductions of $7.5 million.
There was another $7.5 reduction required in June and another is required in July. So, perhaps we see filings on them soon. CYDY is required to disclose if they issue more than 1% of outstanding shares since a previous filing.
That threshold is about 7 million shares. The partial May reduction cost 2.8 million shares to reduce the debt by $4.5 million (about $1.61 per share). Fife doesn't have to accept shares to reduce the debt. He can demand cash.
If Fife extends them another loan to help pay the past loans, that needs to be disclosed immediately.
The 10k is due August 16.
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