Saturday, September 22, 2018 10:41:13 AM
at note 6>> During the quarter ending June 30, 2018 two of the lenders have sued for payment, which terminates their conversion rights. Aggregate amounts claimed pursuant to the lawsuits amounted to $448,833 including certain penalties and interest. Amounts included in convertible notes payable for these lenders amounted to $321,516 after the write-off of unamortized loan discounts of $181,869. Additionally, the Company eliminated $467,529 of the derivative liability related to these loans. Negotiations for settlement of the suits is currently in process. On July 6, 2018 a judgement in favor of one lender was entered in the amount of $219,460 which amount has been fully recorded in the financial statements.
From the 8-K named JSJ investments can be one of the other note holders!!
https://www.otcmarkets.com/filing/html?id=12972613&guid=quDZUnhCSD5Vv8h
>>Then a part of the e-mail 8/29/18 from Ceo Don MacIntyre:
question from me: Do you have any idea when that note holders who are not in that 47% is done with dilutions? with regard to the following press release: Las Vegas, NV, April 24, 2018 (GLOBE NEWSWIRE) -- Renewable Energy and Power (OTC: RBNW), an LED lighting solutions company, today announced it has completed its measures to consolidate the company’s investors to a single entity committed to the long-term growth of the company.
Answers from Ceo:
The lender is working with us to insure the marketing campaign is well supported and we have the resources to make a major run at this market with trade show and advertising activities.
>>Then a part of the second e-mail 9/13/18 from Ceo Don MacIntyre to me: We are working with other avenues of funding and sincerely hope we can buy out their notes, this all is continuing activity and will require some major structure changes before it can be achieved.
Would that be the financing through>
https://www.greenbiz.com/article/why-jpmorgan-chase-committed-200-billion-clean-financing
In combination with>
https://www.jpmorgansecurities.com/pages/am/securities/investing/grenert-macintyre-group/kevin-macintyre
Last 4 weeks there has always been 1billion bid at 1sss knew someone more????
So still Guess and wait what's going to happen.
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-What I say in my posts are strictly my opinions.
-So do your own DD (Due Diligence) and take your own decisions.
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