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tarballmonger

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Alias Born 06/02/2010

tarballmonger

Re: None

Tuesday, 02/21/2017 12:35:12 PM

Tuesday, February 21, 2017 12:35:12 PM

Post# of 40315

On January 4, 2017, the Company received a notice of default from the holder of the seller note related to our purchase of CTR for out failure to make timely payments, specifically our payment of $20,000 due on December 15, 2016. As a result, the holder has accelerated the note’s principal, interest and penalties, totaling $1,414,130, and the underlying collateral is subject to foreclosure. The Company has begun negotiations with the note holder to restructure and extend the note and is also seeking alternative financing.

The Company is cooked!! ROTFLMAO!!
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