Wednesday, April 13, 2016 12:36:36 AM
"That's what I think will happen."
Not much of a "tortious interference" suit there. And now we know that numerous note holders are trying to convert despite so-called cash payment arrangements. Gemini would not likely have sold the note unless one condition had occurred: default. And with default comes conversions per the publicly released forbearance agreements. However, Schadel is now not only in default, but also in breach of contract with allegations of fraud for reducing the AS. He's got a world of hurt ahead of him.
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