Wednesday, July 26, 2017 9:19:14 PM
(b) you intend to seek the cancellation of all shares issued pursuant to conversion notices under the convertible promissory notes.
In informing the Company of your intentions you have indicated you are not seeking any monetary damages, costs, or attorney's fees against the Company. As a result, you have asked the Company to consent to any preliminary injunctive relief until a determination can be made by a Court with appropriate jurisdiction whether the issuance of the various convertible promissory notes and the subsequent conversion of principal and interest into shares of common stock of the Company was done in violation of the terms and conditions of the Series A Convertible Preferred Stock and the law, and whether as a result such shares issued upon conversion are invalid.
Based on your representations that you will not seek damages, costs, or attorney's fees from the Company, you may inform any Court from which you seek relief that the Company consents to the entry of any injunction to preserve the status quo until a final judgment can be entered making a final determination of the matters you have raised and the respective rights of the parties involved.
"One of the funny things about the stock market is that every time one person buys, another sells, and both think they are astute." - William Feather.
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