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What does the date have to do with

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Delsurfer Member Profile
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Delsurfer Member Level  Wednesday, 09/13/17 11:50:33 AM
Re: UndervaluedStocks post# 55131
Post # of 56971 
What does the date have to do with anything? That's when the lawsuit was filed. Court date finally coming up next month?

Refer back to my prior post as well as to Mike's. They are being sued because Arrayit didn't let them convert balance to shares. According to the agreement, Iconic could convert to equity at any time. Contrast that with the more recent TCA agreement where there is specific language as to when they can convert (and they list the various situations that constitute a default).

Regardless if they were making payments or not, Iconic wanted to convert. That's the crux of the issue in my non-lawyer opinion.



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