Tuesday, October 21, 2014 12:34:01 PM
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=127652
ITEM XI: Defaults Upon Senior Securities.
The Magna Group (dba Hanover Holdings) (“Magna”) and the Company are in the early stages
of litigation regarding a dispute concerning the exact amount of debt outstanding which is owed
by the Company to Magna pursuant to multiple note transactions entered into by the parties in
2012. The litigation also relates to the application against the outstanding debt of collateral sold
in connection with such transactions. Requests by the Company and its counsel for audited
accounting of the transactions in question were repeatedly ignored and to date the Company still
has not received such records. The Company does not believe Magna’s claims have merit and is
prepared to defend itself rigorously. The Company does not believe this litigation will have a
materially adverse effect on its financial condition or results of operations.
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM