Look like I was right with my assessment. Now just gotta pin him to the Manipulation prior to the conversion. And I'm gonna leave that up to the SEC attorneys I interview. I'm sure they seen it all.
Item 2.04 Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.
On July 8, 2016 Old Main Capital issued a notice of default, imposed the default interest rate and accelerated and demanded payment of the entire outstanding balance of those certain 10% Senior Secured Convertible Promissory Notes dated April 1, 2016.
On July 18, 2016, Chicago Venture Partners, L.P. issued a notice of default, imposed the default interest rate and accelerated and demanded payment of the entire outstanding balance of that certain Unsecured Promissory Note dated June 15, 2016, in original principal amount of $161,250.00 made by Epic in favor of Chicago Venture Partners, L.P.
Epic’s statement in Item 8.01 below that it is not able to pay its ongoing business obligations as they become due is an event of default under that certain Unsecured Convertible Promissory Note dated June 6, 2016, in original principal amount of $77,000.00 made by Epic in favor of JSJ Investments, Inc. This event of default permits JSJ Investments, Inc. to impose a default interest rate and accelerate the balance due under this note.
