According to the Rosen case that he posted yesterday concerning the lawyers for Radient, the only law firm that we have knowledge from who is getting shares for their services is listed below. We do not know how much was past due, but it appears that the 300,000 dollars note below would be adequate to pay all the costs associated with the case. It would bafoon me if the lawyers only took the past due amount and not the total amount for the case. Not sure where he gets all his information. We are all in the dark. How does he know that the lenders are not holding shares? It wouldn't make no sense for them not to. He also mentioned something about the lenders would not hold shares because of loss of value..That is too funny..The lenders have been converting the majority of their shares at .0001 and below..How much value could they possibly lose at that pps..And to think that it all had to do with cordination in order to get the pps up? That sounds like Collusion to me...The lenders and the creeping takeover groups and us longs will get more value for our .0001 and .0002 shares when the pps goes up..One important thing was missing in his posts...The lenders agreed to the conversion agreement after 3 of the lenders at declared default> Which three was it? I bet it was the three that can own 9.99 percent of the outstanding. How can someone state that the lenders cannot hold shares. The lenders have the free will to convert shares and own them if they wish. The loss of value of a .0001 stock and less is a joke. Unless a bk wipes them out. DC Man..The conversion agreement and defaults all happened right before the GCDX filings. The lenders would only agree if Mac had someone who was willing to take over the company, in which case the lenders would agree to such an agreement. William alone could not come up with all the backing on his own according to the detractors.So if the detractors are correct, then it makes the ProvistaDX and the Angel investots who are the culprits behind this creeping takeover..Also Uni-Pharma fits into the equation as well..So they too could have a huge interest in the takeover. The aussies were thrown under the bus when Uni became the distributor of Onko-Sure in Australia and New Zealand. I guess that is why the aussies are in control of the board at this time. Do they stay after the takeover? Who knows..imo Wolf
The detractor claimed the lawyers are dumping shares? Too funny..lol The only lawyer firm that got shares cannot so called dump until April 2015..So that person is wrong again..lol
Why would a law firm firm take payment with notes not due for 3 years? Not good business unless they were privy to the new company's plans...
Additionally, as part of the Agreement and in order to provide for payment of past due legal fees, we agreed to issue to our legal counsel, Hunter Taubman Weiss LLP, a $300,000 unsecured convertible 4% Company note payable on April 30, 2015, which shall (i) accrue interest at the annual rate of 4% per annum, (ii) be convertible into our Common Stock at a fixed conversion price of $0.01 per share, (iii) be subject to prepayment at the option of the Company, (iv) contain full ratchet and other customary anti-dilution protection, and (v) not be subject to any mandatory installment or other mandatory prepayment provisions prior to the April 30, 2015 maturity date.
