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Re: MikeCr post# 1181

Thursday, 08/08/2019 1:09:50 PM

Thursday, August 08, 2019 1:09:50 PM

Post# of 1189
AVDX INVESTORS GROUP LLC
For the fiscal year ended September 30, 2017, we acquired a CLIA laboratory from THI. As a result of the cost cutting measures taken during the fiscal year ended September 30, 2017, the Company substantially curtailed the use of the CLIA laboratory. Also, as a result of these cost cutting measures, the Company was unable to timely make certain payments on the terms of the lease. As a result, the Company defaulted on its lease at the location of the Maryland laboratory and the landlord held the equipment located in the facility as collateral for amounts owed under the lease. AVDX Investors Group, LLC (“AVDX”), an entity controlled by Jeff Busch, our Executive Chairman (“Busch”), loaned the Company the capital to purchase the equipment. The note issued to AVDX is a demand promissory note that bears no interest and is secured by the equipment. During the fiscal year ended September 30, 2018, AVDX, Busch and his affiliated entities also loaned and/or paid certain obligations amounts on behalf of the Company.


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https://www.sos.state.co.us/biz/ViewImage.do?masterFileId=20191479999&fileId=20191479999

https://www.sos.state.co.us/biz/BusinessEntityDetail.do?quitButtonDestination=BusinessEntityResults&nameTyp=ENT&masterFileId=20191479999&entityId2=20191479999&fileId=20191479999&srchTyp=ENTITY

Details
Name AVDX Investors Group, LLC
Status Good Standing Formation date 06/10/2019
ID number 20191479999 Form Foreign Limited Liability Company
Periodic report month June Jurisdiction Delaware
Principal office street address 1050 30th St NW STE 207, Washington D.C., DC 20007, United States
Principal office mailing address n/a
Registered Agent
Name Michael Irwin Ruxin
Street address 7558 S Turkey Creek, Morrison, CO 80465, United States
Mailing address PO BOX 869, Morrison, CO 80465, United States


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