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They got busted for not having enough shares

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THall Member Level  Wednesday, 05/20/20 02:31:16 PM
Re: None
Post # of 32253 
They got busted for not having enough shares to cover convertible debt. A huge A/S increase or R/S is coming no options at all.

Quote:
The Company is in default under its derivative financial instruments and received notice of such from Auctus for not reserving enough shares for conversion and for not having filed a Form S-1 Registration Statement with the Securities and Exchange Commission. It was the intent of the Company to pay back all derivative securities prior to the due dates but that has not occurred in case of Auctus. As such, the Company is currently in negotiations with Auctus, EMA and Odyssey relative to extending due dates and changing terms on the Notes.




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