Aqua Power Systems Inc (APSI)

[samson8]

I guess you have some reading to do on default of promissory notes and what happens if they cant start repaying them as agreed upon.

They may have come to an agreement on how those notes would be paid or agreed to delay payments, but the only information that's out there is the super 8k which states they would file an offering within 90 days of the acquisition (which they did and have since withdrawn) and would use the proceeds from that offering to repay the promissory notes.

With the offering being withdrawn, they are not fulfilling their obligations of the material agreement.