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Re: TenKay post# 121564

Tuesday, 01/29/2019 10:46:47 AM

Tuesday, January 29, 2019 10:46:47 AM

Post# of 192035
Presumably the only avenue to repay the Note is from the proceeds of the proposed offering. If the S-1 does not go effective by 2/15 and the financials go stale, that may foreclose on the chances of receiving the proceeds of the offering before the Note matures. So while not a default event on 2/15, the company could be condemned to a future default.
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