JNS Holding Corp (JNSH)

[Gatsby]

Blink settlement.

On March 16, 2018, the Company issued 23,529 shares of Common Stock to JNS to be held in escrow as security for the $100,000 payment. At the time the $100,000 payment is made by the Company, the 23,529 shares currently held in escrow will be cancelled.

Blink must pay 100K to JNSH within a few months. Otherwise some shres held in escrow will go to JNSH.
Obviously, we hope Blink will pay as Blink shares are down the toilet at the moment.

What I do not know, if they do not pay, JNS received the shares but is it still entitled to the 100K ? Otherwise it is like giving Blink the choice "either 100k or 23529 shares"..

still waiting to hear from our ceo...