InvestorsHub Logo
Followers 73
Posts 9029
Boards Moderated 0
Alias Born 07/16/2010

Re: DSherman post# 77356

Saturday, 10/18/2014 8:49:57 PM

Saturday, October 18, 2014 8:49:57 PM

Post# of 183504
The loan is a Convertible Note, for some reason Diamond Remark cannot or will not use Exemption 4(2) as Factor Fund and the other CD shylocks do.

So, the $63K debt has to be aged 180 days (since PVSP is a fully reporting company) before it can be converted into shares.

The Note even allows Diamond Remark to receive shares certificates / shares with a restrictive legend, if it so choses.