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Thursday, September 15, 2022 9:32:07 AM
Is it a lot? No. Is it enough to get rolling on the execution phase? Yes. Will there be more note agreements? Most likely. And as part of DD, folks should be paying attention to the maturity dates and the company status as of those maturity dates.
But in the scheme of things, there hasn't really been a flood of note agreements that are prevalent in a scam shell. IMO, they've kept it under control (minus the default from the timely filing of the 10-Q which they've since remedied). And as I've mentioned already, they've created new note agreements to prevent conversion.
Sys
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