Gold River Productions Inc (GRPS)

[MiltonTonic]

Under the informal agreement, we estimate payments as follows: (1) $125,626.16 no later than February 5, 2024, (2) $154,749.12 no later than March 5, 2024, (3) $154,749.12 no later than April 5, 2024, (4) $154,749.12 no later than May 5, 2024, and (5) $464,247.36 no later than June 5, 2024. To date our lender has not provided any written notice of intent to foreclose, which is required under the terms of the note which allows for a 30-day bring current period before any formal action can be taken. Foreclosure is the sole remedy of the lender in the event of default.

In the event we are unable to make the estimated payments, the lender may foreclose and, in the event that the lender forecloses on the collateral secured by the loan, you could lose all of your investment and our business would fail.
https://capedge.com/filing/1990446/0001683168-24-000829/GRPS-S1A#k_025
Thoughts?