InvestorsHub Logo
Followers 187
Posts 3445
Boards Moderated 0
Alias Born 01/12/2010

Re: None

Sunday, 08/20/2017 12:57:58 PM

Sunday, August 20, 2017 12:57:58 PM

Post# of 61601

IR responded to my inquiry

Even on a sunday. I applaud that effort since they did not need to do that.

I asked specifically for the company to respond and confirm, deny, or clarify the notes written by one of the mods on the board.

The notes say this.

$15.2 million convertible debt due in October 2017 = equal to 1 Billion!!! shares at current share price , But A/S is 500m , So another Reverse Split highly likely for debt holders to get paid , at least partial"

Please note the mod continues to emphasize convertibles maturing in October. I have posted company's response before that they clearly said they will have this taken care of long before oct. maturity.

Today the company specifically responded again to the above mentioned by the moderator.

Their response

"The convertible debt coming due in October has to be restructured because the holders do not want to be affiliates. It will likely be restructured over the next few weeks. "

IMO