Monday, October 22, 2018 4:29:51 PM
Yes, my direction is more on the 2 points in your post.
I believe the company got IB backing. Also on the thinking with XZX post on the sticky.
Your quote:
"If in fact we have secured non toxic financing would it not make sense to pay off the remaining 257K in notes, then release a 8K stated the fact".
The company's direction is to present a Clean Shell. Means no Hangovers.
Your quote:
" or the terms state it can’t be used to pay off existing toxic debt."
I agree with that and sure the IB is not talking consideration of a past note and probably feels let it drain through.
Makes me think that the PR from Oct 15th was meant to bump up the volume, although not meeting the % of volume to drain out.
Probably not a good idea releasing an 8-k with a note hangover, that is already in the drain, just needs to swallow the whole bunch, and takes volume.
So we all wait, but as many know, this issue is getting primed.
Good points though.
Have a good day
varok
Recent DSGT News
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 11/15/2023 10:20:11 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/29/2023 05:56:39 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/15/2023 08:44:41 PM
- Form 10-K/A - Annual report [Section 13 and 15(d), not S-K Item 405]: [Amend] • Edgar (US Regulatory) • 07/13/2023 05:46:49 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/13/2023 05:20:08 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/13/2023 05:16:13 PM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM