![](https://investorshub.advfn.com/uicon/592058.png?cb=1492120108)
Thursday, June 01, 2017 8:12:58 AM
You have to read the original loan details and the lawsuit and the settlement. All 3, if you want your answers.
But it makes sense. It's extremely unfortunate for TXHD. But that's what happens with toxic loans. A lot of times you get screwed.
Basically, JSJ had the perfect storm over the winter:
(A) TXHD price tanked to trips, and they (JSJ) were allowed to convert at 50% discount
(B) TXHD didn't have enough revenue yet to pay off loan with cash
(C) the rest is history
-----------
If the loan didn't convert for about 3-6 more months, its possible TXHD could have paid in cash.
But that's not the case. The timeline just wasn't on TXHD's side.
So now, it is what it is.
TXHD settled in a better situation that what would have happened if there wasn't a settlement. But JSJ is still set to make a massive payday off that 100k loan.
It's a tough spot for shareholders. Horrible short term. Potentially great long term. Play it how you want.
Recent KOAN News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/20/2024 09:31:28 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/15/2024 02:38:15 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/07/2024 10:15:35 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/26/2024 04:51:05 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 01/25/2024 09:03:18 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/13/2023 10:28:01 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/20/2023 08:22:07 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 11/14/2023 11:03:56 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/23/2023 10:05:51 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2023 03:08:06 PM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM
ECGI Holdings Announces LOI to Acquire Pacific Saddlery to Capitalize on $12.72 Billion Market Potential • ECGI • Jun 13, 2024 9:50 AM
Fifty 1 Labs, Inc. Announces Major Strategic Advancements and Shareholder Updates • CAFI • Jun 13, 2024 8:45 AM