The only way these guys are going to get repaid fo
Post# of 154993
(Total Views: 939)
Posted On: 09/19/2021 8:27:29 PM
The only way these guys are going to get repaid for their loans is thro CYDY acquiring Incelldx.
On October 6, 2020, Phillip Harrison, one of the individuals named as Gifting Persons in the Proxy Statement, purchased secured convertible notes (“Notes”) from IncellDx. The aggregate principal amount of notes purchased by Mr. Harrison was $200,000. The Notes bear interest at 5% per annum and automatically convert into equity securities of IncellDx under certain circumstances, including but not limited to the receipt by IncellDx of a certain amount of equity financing. The Notes have a term of 18 months. Subsequently, on October 26, 2020, each of Francesco Tosco, Glenn Eisenberg and Paul Hydok purchased $100,000 principal amount of Notes. On October 29, 2020, Dwigen Misra purchased $100,000 principal amount of Notes. In February 2021, Finger Family Office LLC purchased $1 million principal amount of Notes. On November 23, 2020, Jeffrey Weiner purchased $100,000 principal amount of Notes, and on December 18, 2020, Mr. Tosco purchased an additional $150,000 principal amount of Notes. To the knowledge of the Participants, no immediate family member or controlled entity of any of the foregoing Participants, Gifting Persons, Reporting Persons or Contributing Persons has purchased any Notes or any debt of, or otherwise provided any financing of any kind to, IncellDx since May 1, 2020
On October 6, 2020, Phillip Harrison, one of the individuals named as Gifting Persons in the Proxy Statement, purchased secured convertible notes (“Notes”) from IncellDx. The aggregate principal amount of notes purchased by Mr. Harrison was $200,000. The Notes bear interest at 5% per annum and automatically convert into equity securities of IncellDx under certain circumstances, including but not limited to the receipt by IncellDx of a certain amount of equity financing. The Notes have a term of 18 months. Subsequently, on October 26, 2020, each of Francesco Tosco, Glenn Eisenberg and Paul Hydok purchased $100,000 principal amount of Notes. On October 29, 2020, Dwigen Misra purchased $100,000 principal amount of Notes. In February 2021, Finger Family Office LLC purchased $1 million principal amount of Notes. On November 23, 2020, Jeffrey Weiner purchased $100,000 principal amount of Notes, and on December 18, 2020, Mr. Tosco purchased an additional $150,000 principal amount of Notes. To the knowledge of the Participants, no immediate family member or controlled entity of any of the foregoing Participants, Gifting Persons, Reporting Persons or Contributing Persons has purchased any Notes or any debt of, or otherwise provided any financing of any kind to, IncellDx since May 1, 2020
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