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Thursday, June 30, 2016 8:04:18 PM
$2 million
And as it says on the chart posted below here, any creditor in this list not being paid in full has the right to liquidate the company. The lenders have liens on the patents even outside of bankruptcy. these debts are protected by the bankruptcy court.
From the 10Q
Dated: May 16, 2016
By:
/s/ Dane Medley
Dane Medley
Chief Executive Officer
and Chairman (Principal Executive Officer)
https://www.sec.gov/Archives/edgar/data/1205181/000118518516004570/0001185185-16-004570-index.htm
(( click on chart to enlarge ))
#1). You have money. Other people want it. All of it!
#2). You want easy money. So does everybody else. They'll get it, too....yours! (and all of it!)
#3). You tell yourself you're smart. You won't lose your money. Fact: Other people are smarter,
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