Monday, June 13, 2016 4:51:32 AM
Specifically I'm looking for the agreements referenced here....
"We acquired Genstrip from Shasta Technologies LLC on March 20, 2014 and in late June 2014 we began the minor branding changes"
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=155292
and here....
"During the first quarter 2015, we executed a 15% OID derivative instrument with Alpha Credit Anstalt, a
previous (2014) large investor. We finalized an arrangement with Alpha Capital Anstalt (“Alpha”) on March 27, 2015 whereby Alpha purchased an 18-month 15% OID derivative instrument in the amount of $277,500 from the company to facilitate the acquisition of aforementioned intellectual property."
From the Q1 2015 Quarterly Report and, I believe, every report since then.
The former, if I'm not mistaken, may actually form the basis for the company's existence and document its rights regarding its only currently available product.
The latter is especially interesting because it apparently includes covenant(s) that this company failed to keep, resulting in the issuance of a material number of shares of common.
Securities laws require the disclosure of the terms of material agreements so that the public has a full understanding of why, in cases like this, it is being required to share its ownership of the company with a creditor and the nature of the failure that caused it.
Any help that you can provide finding the full terms of either of the above agreements would be greatly appreciated. I'm sure that you agree that investors would benefit from the information they provide and besides, they are entitled to it.
TIA.
I'm tryin ta think but nuttin happens......Curly
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