RESPONSE FROM JOE.
Doesn't look like such a bad idea to me.
----- Original message --------
From: Joseph Vazquez <infinityglobalconsulting@gmail.com>
Date: 11/17/16 1:04 PM (GMT-04:00)
To: <>
Subject: RE: Yield sign
We are already trading on the pinks. So, it makes a miniscule difference for us to be fully reporting other than we spend an extra $100k between accountants and auditors PLUS it allows convertible note holders to sell in a shorter period of time.
If we spend less on accountants and more on production that's a positive.
If note holders have to wait longer to convert that means less dilution on the short term.
Both positives!
On Nov 17, 2016 11:59 AM, "" <> wrote:
Makes sense. I will post on ihub because people are saying that it means we are filing or bankruptcy.
Sent from my Samsung Galaxy smartphone.
-------- Original message --------
From: Joseph Vazquez <infinityglobalconsulting@gmail.com>
Date: 11/17/16 12:57 PM (GMT-04:00)
To: <>
Subject: RE: Yield sign
Actually, it allows us to not be obligated to file our 10K & Q's (which will save us about $50,000 over the next six months) and it prevents anyone holding debt from being able to convert into shares until the debt is 12 months old.
Once we actually have sufficient revenue streams we can always spend the money in order to be current with our financial fillings. But as of right now, the audited financials don't mean much and it gives an upper hand to convertible note holders.
On Nov 17, 2016 11:52 AM, "" <> wrote:
What is the intention of filing the Form 15? Based on looking up what it is, this doesn't sound good to me.
