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croinvest

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croinvest

Re: zgoldies2 post# 9179

Monday, 05/21/2007 4:32:01 AM

Monday, May 21, 2007 4:32:01 AM

Post# of 17378
zgoldies2, you have no idea what you are talking about. Jay didn't borrow 'an additional +$1MM from Cornell' and he has plenty of funds to meet the payroll.
MOBL issued a promissory note to Cornell Capital in the principal amount of $1,100,000.
Here is one definition for you: A promissory note is a contract detailing the terms of a promise by one party (the maker) to pay a sum of money to the other (the payee). The obligation may arise from the repayment of a loan or from another form of debt.

"Perhaps we should have a list of companies that the rule of law does not protect," said Patrick Byrne, Overstock chairman and CEO. "Oh wait -- we already do! It's called, 'the SEC's Regulation SHO threshold list'."

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