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Re: aries4747 post# 22952

Thursday, 04/06/2017 11:05:13 AM

Thursday, April 06, 2017 11:05:13 AM

Post# of 23033
Nothing in 10k about them restructuring the debt. Just says they had until March 31st. Apparently that didn't happen or he would have included this in the 10k or sent out a PR. I wonder if/when Surber will hand out the GRNE shares to SAKL shareholders.

On November 23, 2016 TCA Global Credit Master Fund, LP, “TCA” gave SAKL a Notice of Default that SAKL is in default for 3 months payments that were due in accordance with the terms and provisions of the Senior Secured Credit Facility Agreement effective between the parties as of October 31, 2015. Failure to cure the default may lead to further collection efforts by TCA. Discussions to resolve the default are ongoing, the parties have agreed to forebear enforcement of the default until March 31, 2017. Green, along with all other SAKL subsidiaries, is a co-guarantor of the TCA obligation.

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