Wednesday, December 16, 2015 10:56:48 AM
I'd like to see confirmation of the Hansmire/Overtime termination of litigation 9/9/15 documented in the 10-Q...
Accurate revenue reporting would be nice... and an accurate reflection of the status of notes, retired, defaulted, settled, etc...
I'm hoping to see that the 9/17/15 settlement that cancelled the
An 8-K detailing the GHS equity financing would be nice, as well as a PR sharing progress made in regards to "reduce our overall debt levels, allow us to introduce more flavors of our High Performance Sports Drink, build our beverage inventory levels and develop a nationwide distribution channel for retail sales, which we seek to implement at the beginning of 2016."
At the very least we should see a 10-Q for the period ending October 31st by COB Monday, December 21st...... this should confirm additional retired and consolidated debt on better terms... the 10-K already listed the September 17 Centaurian (Jody Eisenman) deal as a "subsequent" event to the period ending July 31st...
It was covered in a September 23rd 8-K: http://www.sec.gov/Archives/edgar/data/1504222/000121390015007214/0001213900-15-007214-index.htm
It details the return and cancellation of three outstanding debts held by the lender... to include the $100,000 November 15, 2012 note originally sold to Pierce Csurgo, that Centaurian purchased June 17, 2013... this particular "Senior Secured Convertible Promissory Note" was the only one with this clause... "If an event of default occurs, the lender will have the ability of becoming the controlling shareholder of the Company."
The 10-Q should confirm the three debts as paid in full...
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