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Re: absintheminded90210 post# 5501

Thursday, 02/04/2021 12:44:43 PM

Thursday, February 04, 2021 12:44:43 PM

Post# of 8765
Very Good news, maturity dates pushed back to 03/01/22, removing the potential of dilution for another year, waiving all penalties as well.



From the 8K;

On January 28, 2021, the Company entered into amendments to each of the Notes pursuant to which the conversion price for all principal and accrued and unpaid interest was reduced to $0.01 per share. In exchange for the reduction of the conversion price, each of the Notes was amended so that the maturity dates are March 1, 2022, all prior Events of Default (as defined in the Notes) including penalties, were waived, and all future Events of Default (as defined in the Notes) pertaining to the future payment of interest were waived through maturity.
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