Vivos Inc (RDGL)

[Pennyprof]

On September 24, 2018 the Vivos Inc issued a press release announcing a Standstill Agreement with Debt Holders to Halt the Toxic Selling and Eliminate the Secured Toxic Debt. Under terms of a path forward and restructuring agreement all secured note holders have agreed to refrain from “any market activity or conversion activity” for a period of ten trading days, which will run from September 26, 2018 until October 10, 2018. Further, upon completion of a financing of at least $500,000 and the repurchase by the company or sale to the company designees of at least $200,000 by the largest secured note holder, all of the company’s debt with current variable rated pricing will convert into common stock or common stock equivalents at a conversion price of $.004.