InvestorsHub Logo
Followers 27
Posts 2150
Boards Moderated 0
Alias Born 01/29/2015

Re: rrojarom post# 18627

Saturday, 04/07/2018 3:07:57 PM

Saturday, April 07, 2018 3:07:57 PM

Post# of 22597
The company entered into a settlement agreement with Northbridge Financial to restructure the company debt through a 3(a)10 lawsuit that was filed by Northbridge, in which Northbridge received stock in exchange for the debt. The $810,000 debt was incurred as a result of the acquisition of United Ambulance, LLC.

The company mutually terminated its 3(a)10 settlement agreement with Northbridge Financial and entered into a settlement with CF3 Enterprises, LLC a New York private equity firm that acquired the company’s total outstanding debt of $1,455,000 through a 3(a)10 settlement.