Not in the official sense, nope. He resigned a few years back from the board, when him and RNVA were sued. Diamantis/RNVA have been barely paying back that owed amount with Diamantis loaning more money to RNVA and attaching crazy interest terms to it. Its all in the recent filing, I am sure when updated OS numbers are shown itll have a spike due to Preferred being converted.
In February 2020, Anthony O’Killough sued the Company and Mr. Diamantis, as guarantor, in New York State Supreme Court for the County of New York, for approximately $2.0 million relating to the promissory note issued by the Company in September 2019. In May 2020, the Company, Mr. Diamantis, as guarantor, and Mr. O’Killough entered into a Stipulation providing for a payment of a total of $2.2 million (which included accrued “penalty” interest as of that date) in installments through November 1, 2020. The Company made payments totaling $450,000 in 2020. On January 18, 2022, Mr. Diamantis paid $750,000 and the remaining balance was due 120 days thereafter. Mr. O’Killough agreed to forebear from any further enforcement action until then. On various dates during the remainder of 2022, Mr. Diamantis made additional payments to Mr. O’Killough totaling $300,000 and the Company gave Mr. Diamantis $350,000 for further payment to Mr. O’Killough. The Company is obligated to repay Mr. Diamantis for the payments, plus interest, that he made to Mr. O’Killough. As a result of these payments, the past due balance owed to Mr. O’Killough was $1.1 million on December 31, 2022. During the six months ended June 30, 2023, the parties entered into a final settlement wherein the Company and Mr. Diamantis settled the obligation in full for $580,000. The promissory note, forbearance agreement and final settlement are also discussed in Note 6.
Mr. Diamantis was a member of the Company’s Board of Directors until his resignation on February 26, 2020. During the six months ended June 30, 2023 and 2022, Mr. Diamantis loaned the Company $580,000 and $750,000, respectively, which the Company used to pay amounts owed under the note payable to Mr. O’Killough. These payments and the note payable to Mr. O’Killough are more fully discussed above under the heading Notes Payable –Third Parties. During the six months ended June 30, 2023, the Company made payments on the principal amount of the loans from Mr. Diamantis of $1.3 million. No principal payments were made on loans from Mr. Diamantis during the six months ended June 30, 2022.
