Pyro SS, LLC ...recall that Pennsylvania LLC compa
Post# of 13229
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A good read here:
https://investorshangout.com/post/view?id=6273903
Quote:
"In order to prevent a default of the bridge financing for the Rhode Island Project, the MedRecycler-RI, Inc. has issued a first position secured convertible loan to Pyro SS, LLC in the amount of $500,000, carrying a 6% interest rate, which shall convert into 11,000 shares upon the issuance of an operating permit by the state of Rhode Island sufficient to commence operations of the Rhode Island Project. In the event of a conversion, the economic interest to be received by the Company will be reduced from 51% to approximately 46%. The convertible note shall be secured by all such securities previously secured under the Indenture of Trust, as amended. In the event of default on the convertible loan, Pyro SS, LLC shall have a first position on liquidation of the security interests.
Do your own due diligence
Company Name: PYRO SS, LLC
Entity Type: DOMESTIC LIMITED LIABILITY COMPANY
File Number: 7144783
Filing State: Pennsylvania (PA)
Filing Status: Active
Filing Date: October 12, 2020
Company Age: 2 Years
Principal Address: 2001 State Hill Road, Suite 205
Wyomissing, PA 19610
Apartment Finder & Rental Service. 2001 State Hill Rd Ste 205, Wyomissing, PA 19610. 610-288-7700 .
in my humble opinion
cheers
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