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Debt not paid and busted for not having

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THall Member Level  Wednesday, 05/20/20 02:34:07 PM
Re: Steve1978 post# 30771
Post # of 33088 
Debt not paid and busted for not having shares to cover the debt. I smell SEC suspension coming

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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