~MYDX .0022 filing just hit...
Item 8.01 Other Events.
On March 9, 2017, Judge Thomas Rebull of the Eleventh Judicial Circuit of Florida issued two orders in favor of the Company. First, an order to have a hearing on March 13, 2017 to enable the court to adjudicate whether to grant the Company’s emergency motion to prevent Phoenix Fund Management, LLC (“Phoenix”) from submitting any further issuance notices pursuant to the June 2016 $250,000 Section 3(a)(10) settlement. The Company believes Phoenix has received all shares to which it is entitled pursuant to the Section 3(a)(10) settlement. Until the hearing, Phoenix is enjoined from submitting any further issuance notices pursuant to the Section 3(a)(10) settlement. Second, a temporary restraining order against Phoenix to prevent Phoenix from submitting any further conversion notices pursuant to a $1 million convertible note it holds. The Company believes Phoenix has fully exercised this convertible note. The hearing on March 13, 2017 will include further argument and further adjudication of this issue. The Company cannot predict the ultimate outcome of these two litigations.
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