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Post# of 704147
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JerryCampbell

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JerryCampbell

Re: kabunushi post# 265095

Saturday, 02/15/2020 4:38:38 PM

Saturday, February 15, 2020 4:38:38 PM

Post# of 704147
"On November 11, 2018, the Company and Ms. Powers agreed to further extend the forbearance on the notes to a maturity of one year following the respective funding dates. In consideration of the continuing forbearance, the Company agreed to issue warrants representing 50% of the repayment amounts of the Notes. The warrants were anticipated have exercise price at $0.35 per share, and have an exercise period of 2 years. However, the Company has not finalized the terms of the warrant agreement."

If the Board had enough discussion to anticipate both the strike price and maturity, you seriously believe they couldn't take 1 minute to vote those terms as final?



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