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Friday, April 29, 2016 1:05:27 AM
What I can provide is the 8K that was filed with the SEC showing the company is handling negotiations of the debt
Effective as of April 25, 2016, Simlatus Corporation (Formerly Grid Petroleum Corp.) entered into a 'SETTLEMENT AND RELEASE AGREEMENT', by and between Grid
Petroleum Corp., ("GRPR", "Company"), and Blackbridge Capital, LLC ("Blackbridge"). WHEREAS, Grid Petroleum currently owed 729,955,556 Shares of GRPR Common Stock to Blackbridge Capital pursuant to a Convertible Note dated September 30, 2015, and subsequent conversion notices presented by Blackbridge. Both parties agreed that the outstanding 729,955,556 Shares of GRPR Common Stock owed to Blackbridge, by the Company, would be reduced to a total amount of 200,000,000 Shares of Common Stock as full and final settlement of both current and contemplated future conversion notices of the September 30, 2015 Convertible Note.
Along with a quote from the CEO..
Gary B. Tilden, CEO, stated, "We have removed all of the toxic debt off of our books since our new management was appointed on March 20, 2016. This will be reflective in our next audited 10-K filing ending March 31, 2016."
I just feel that offers a little more credibility than a random stranger posing as someone he most likely is not...
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