"All shares issued into escrow have been recorded as issued and outstanding pending the ultimate disposition of the obligation. Accordingly, the accompanying financial statements reflect the debenture as being fully paid. In the event not all shares are released from escrow, any remaining escrow shares will be returned to the Company and cancelled, with the value of such shares being reflected as a reduction in settlement costs."
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.