Panacea Life Sciences Holdings Inc (PLSH)

[DrKrassenDimitrov]

Well-timed question, obviously: this week we have two events related to the Note:
a. The first amortization payment is due in the amount of $110,000, payable in cash, or alternatively, in shares.
b. Exactus becomes liable for paying Liquidated Damages to the Note Holders, since their S-1 was not declared effective in the 90 days following the Note issuance.


I know you guys here are more interested in share price, and how it would be effected by the Note payments and liquidated damages being due. (I, on the other hand am more interested in the underlying business.) In my view, it is too early to tell. Without much disclosure on the financial state of the company - what are the revenue streams from the harvest, have they made the Note payment in cash or in shares, etc. - we cannot say much.

If the payment was made in shares, that means dilution. However, without the S-1 being effective the Note holders cannot sell easily and cannot put downward pressure on the share price (for now).

Finally, I have no information on the identity of the Note holder(s), and have no idea whether they are in Brooklyn or not. Maybe you can share whatever info you have.
Cheers,
K