CV Sciences Inc (CVSI): Looks like there is no intention of payi...

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Mccpingins

Re: None

Friday, 05/27/2016 8:35:11 AM

Friday, May 27, 2016 8:35:11 AM

Looks like there is no intention of paying back the 2 million:

The Note matures in 13 months, and is convertible at the option of Investor at any time into shares of the Company's common stock at a conversion price equal to $0.50 per share. The Company may prepay the Note at any time by payment to Investor of 125% of the principal, interest and other amounts then due under the Note. The Company may prepay the Note notwithstanding an earlier notice of conversion from Investor, provided that in such event Investor may convert an amount not to exceed $300,000 under the Note.

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