Itronics Inc (ITRO)

[twilko]

The debt may still be there in accordance with the settlement agreement, but the notes are gone! The judge and lawyers changed the notes into a settlement agreement. They may have to go back on the liability side of the balance sheet, but that is up to the accountants, and I can not speak for them. All I know is that the notes are gone! You are trying way to hard to keep them there, especially when you do not know what the settlement agreement says. I never said the notes were canceled except in relationship to the 8k.

They owe NIR 8+ million dollars. I assume they can either write a check or issues shares. This would dilute the stock price and dilute ownership. The terms of payment are in the settlement agreement.

As a child did you ever have a "connect the dots" coloring book? They still have them you know. The concept would help you here.

The only problem is that the gun is out of bullets. They still have a lot of suits to settle. NIR needs some integrity and I am unsure they understand what it is.