Tuesday, May 18, 2021 2:20:41 PM
The following is interesting in that the company seems to be willing to give up it's patents while the Taylor Trust would get paid for that sacrifice?
Under notes payable on page 5 of the filing approx. 7 lines down (on my download)
The Company has identified an Atlanta venture capital firm to assist the Company in paying off these vendors through a 3(a) 10 financing vehicle, which would require a fairness opinion, which the Company anticipates it will be completed by June 2021. The Taylor Trust has executed the sale of the Company’s patent to the Company, in return for cash payment over time, with the current amount outstanding and due and payable to the Taylor Trust is $1,337,421, in the form of Sale of Patent and Promissory Note, which was reduced by $100,00 during 2020…”
Then in pages beginning on page 5 through page 10 they list all of the Convertible and Secured notes which are due.
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