Saturday, March 07, 2020 3:01:15 PM
The Company has been provided with a notice of default on the debt with NPI Debt Fund II secured by a deed of trust in the principal amount US$1.9 million and demand for payment of past due interests, fees and expenses of approximately US$459,000 on or before October 31, 2019 (the “Default Notice”). If the Company fails to remedy the Default Notice, it will be given a notice of foreclosure sale under the deed of trust. (Note 10(a)) The Company has not remedied the default as of the date of these Interim financial Statements.
Yikes, looks like the scam artists still haven't resolved the Default Notice. Enjoy that foreclosure hearing!
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