Biostax Corp (BTAX)

[noreen]

Correct me if I'm wrong, but the 8-k for today is referring to the following promissory notes, yes?

"Promissory notes issued in December 2015. Lenders earn interest at a rate of 10% per month. Notes are repayable on March 9, 2016. $30,000 of principal and $49,000 of interest and penalties were converted to 987,500 shares of common stock in 2016. The Company was unable to repay the remaining note at maturity and the note is in default. The Company is obligated to pay late-payment penalties totaling $5,000 per day on the remaining obligation."

This is the 8-k...

https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11993947

Again, correct me if I'm wrong, but this news is basically the best thing an IMUN shareholder could hear right now (aside from the marketing approval and beginning of sales in Nigeria), based on the fact that this seemed to be the most toxic note of them all, "penalties totaling $5,000 per day" on only a $100k loan. This, IPO$, is actually what is usury. Restructuring this note is very good news.