Vivos Inc (RDGL)

[Kooka_Duke]

""Shares That Will Be Returned Will Be Tucked Away In The A/S Count & The Shares That Was Sold Will Satisfy Outstanding Debt As Outline Here:

In order to remedy the situation, the Company has notified all applicable convertible note and warrant holders of the excess issuance and has proposed specific solutions to facilitate compliance with the State of Delaware and federal securities laws. Specifically, the investors may either deliver to the transfer agent the excess shares they were issued, or they may offset any remaining convertible debt or warrants to satisfy proper consideration for the excess common shares issued.

AMIC believes that these actions will have a positive impact on the Company’s balance sheet, potentially eliminating up to $800,000 of convertible debt, potentially eliminating a substantial portion of the warrants outstanding and potentially eliminating a substantial amount of the nearly $11 million of derivative liabilities currently reflected on AMIC’s balance sheet. It is anticipated that these items will be reflected in the Company's 2nd quarter 10-Q filing.