MDTL 8-k:
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
Effective as of October 19, 2009, Medis Technologies Ltd. (“Medis”) assumed approximately $4,417,908 of outstanding trade debt (the “Claims”) of its wholly owned subsidiary, More Energy Ltd. (“More”). The debt was initially incurred by More in the ordinary course of its business and subsequently acquired by American Capital Management, LLC (the “Claim Holder”). On or around October 20, 2009, the Claim Holder sued Medis in Los Angeles Superior Court for repayment of the Claims.
Forward-Looking Statements
This Current Report on Form 8-K contains forward-looking statements. Investors are cautioned that forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from those contemplated in the forward-looking statements. Such risks include, but are not limited to, the risks and uncertainties outlined in Medis’s documents filed with the SEC. All forward-looking statements and other information in this Current Report on Form 8-K are based upon information available as of the date of this Report. Such information may change or become invalid after the date of this Current Report, and, by making these forward-looking statements, Medis undertakes no obligation to update these statements after the date of this Current Report, except as required by law.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned, hereunto duly authorized.
Medis Technologies Ltd.
Date: October 23, 2009 By: /s/ Steven N.
Crea
Steven N. Crea
Chief Financial Officer
MDTL 8-k:
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
Effective as of October 19, 2009, Medis Technologies Ltd. (“Medis”) assumed approximately $4,417,908 of outstanding trade debt (the “Claims”) of its wholly owned subsidiary, More Energy Ltd. (“More”). The debt was initially incurred by More in the ordinary course of its business and subsequently acquired by American Capital Management, LLC (the “Claim Holder”). On or around October 20, 2009, the Claim Holder sued Medis in Los Angeles Superior Court for repayment of the Claims.
Forward-Looking Statements
This Current Report on Form 8-K contains forward-looking statements. Investors are cautioned that forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from those contemplated in the forward-looking statements. Such risks include, but are not limited to, the risks and uncertainties outlined in Medis’s documents filed with the SEC. All forward-looking statements and other information in this Current Report on Form 8-K are based upon information available as of the date of this Report. Such information may change or become invalid after the date of this Current Report, and, by making these forward-looking statements, Medis undertakes no obligation to update these statements after the date of this Current Report, except as required by law.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned, hereunto duly authorized.
Medis Technologies Ltd.
Date: October 23, 2009 By: /s/ Steven N.
Crea
Steven N. Crea
Chief Financial Officer
