Good Luck
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Thank you! I called up the company PR! She was not sure either, but reiterated 44 million outstanding...
Do you know how many shares this note is converted into? Thanks!
Yap! I second!
Thanks! One thing I can't get my hands on is to know total numbers of shares currently outstanding/tradable...
unusual volume Friday
Yes, I got the link. That was the proposal. Was it ever signed?
Yap! Did this agreement go effective? Thanks!
Did you find the lease? What about the bond offering?
Hi Tim,
New to this MDNT. Is it worth it?
Any sign of movement? Please let us know when you visit next time. Thanks!
In your opinion how many shares it needs to trade before (possible) break up? Thanks!
Do you know what Manu gets for 10 million preferred? ie is it interest bearing or converted into common?
How about the dvd sales? Can we find any info on that? or dvd is not out? Thanks!
The way stock is trading-it seems all 5 million is converted into shares...I like to know more. I wish company make some kind of announcement...
I hope you are right! I know price and volume! They are telling something else!
Anyway, I bought 50K today.
we will see. Thanks for your answers....bye!
it use to trade less than 100k shares 6 months ago....?
My experience tells me that there is more to the story ie either they are converting all 5 mill or something else? Stock like this can't trade 6 million a day and not move...someone has some shares...I want to know who has more than 1 million shares...
As discussed above, on August 16, 2013, the registrant and TCA Global Credit Master Fund, LP entered into the credit agreement, which provides for a revolving credit facility in the maximum principal amount of U.S. $5,000,000. Pursuant to the note, TCA has the right to convert all or any portion of the outstanding amounts due into common stock of the registrant, par value $0.001, at a price equal to the amount being converted divided by 85% of the lowest daily volume weighted average price of the registrant’s stock during the five business days immediately prior to the conversion date. TCA cannot convert more than 4.99% of the outstanding shares of the registrant at the time of conversion. These shares are exempt from registration under Section 4(a)(2) of the Securities Act, as TCA is a sophisticated investor, has access to the type of information normally provided in a prospectus for a registered securities offering and has agreed not to resell or distribute the securities to the public.
TCA has agreed to not sell in open mkt
don't they have to do some filing for that? Also conversion cann't be part of the public float....?
so 600k will be converted? that is the current market cap....
$5,000,000 may be converted into common....
Great question....12% interest and only for 6 months?
On August 16, 2013, the registrant entered into a Senior Secured Credit Facility Agreement with Kumaran Holding, LLC (a wholly owned subsidiary of the registrant) and TCA Global Credit Master Fund, LP. The credit agreement was dated as of June 30, 2013 and effective as of August 16, 2013. The credit agreement provides for a revolving credit line of five million dollars ($5,000,000). This credit line is secured by all assets of the registrant except for the real property leased from the Effingham County Industrial Development authority, any fixture installed on that property, and any equipment required to develop that property. Unless terminated earlier, the credit agreement will mature on February 15, 2014 unless extended for an additional six month period, in which it will mature on August 15, 2014, and the principal amount outstanding thereunder, together with all accrued unpaid interest and other amounts owed thereunder, if any, will be payable in full upon such date. Loans under the credit agreement will bear interest at a rate of 12% per annum
How many shares this will convert into...?
This looks like a scam....Only 44 million shares outstanding..But trades 6 mill/day
What is going on with this company? 10 million shares and it does not move....How many shares outstanding?
Shareholders Annual Meeting Dec 18th 2013.....
I can't buy/sell this symbol..cvhl...my a/c at TD Ameritrade...???
Can someone explain...! Thanks!
Market Cap $600,000. Yearly revenue $45 million. Go Figure.
JERT is under new management. C-III Capital and Andrew Farakas. Many issues are being resolved, but NAB judgment can be a problem....
I am still holding....
Company bought 100,000 at 1.43
They are handling 300 loans. Hopefully this will fly....
I think financials are due in a month or so....
What is going on?
anything going on here...???
Why should it move?
Recovery of 117 million.....
WHERE IS THE CHAPTER 7/ WHICH COURT?