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rjs9787

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rjs9787

Re: None

Sunday, 03/19/2017 3:01:49 PM

Sunday, March 19, 2017 3:01:49 PM

Post# of 14684
This was a bold move by the CEO:

"The Company has paid Emmaus an initial portion of the cash consideration in the amount of $500,000 and will pay Emmaus $1,500,000 within three (3) weeks of January 16, 2017. The $500,000 payment was advanced to the Company and was funded by Joseph Moscato, the Company's new CEO and Director, and Lawrence Salvo, the Company's new Senior Vice President and Director. The Company does not have any formal arrangement for repayment of the amounts advanced by Mr. Moscato and Mr. Salvo."
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