Inergetics Inc (fka NRTI)

[ronk]

The Martha Stewart deal is over and it's been discussed on this board ad nauseum. It's eveidenced in their SEC filings. They have 6 more weeks to sell the remainder of the product after production of the line was halted. I believe there will be an obligation to remove the MS reference from their website after the sale deadline is up.

People need to understand the entirety of the NRTI story without beeing mislead. This comes by way of due dilligence.

The Company was not able to make the payments that were due July 1, 2014, January 1, 2015 and April 1, 2015 to Martha Stewart Living Omnimedia (“MSLO”) pursuant to our license agreement. On April 25, 2015, the Company received notice from MSLO that the license agreement shall terminate on May 16, 2015. The Company has the right to sell off the licensed products for a period of six months. All MSLO inventory has been 100% reserved in the accompanying financial statements. The Company has an accrued liability of $1,237,500 of licensing fees due to MSLO through the end of the agreement as of June 30, 2015.