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harlem111

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harlem111

Re: None

Tuesday, 09/18/2012 5:23:32 PM

Tuesday, September 18, 2012 5:23:32 PM

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Form 8-K for ACCESS PHARMACEUTICALS INC

18-Sep-2012

Triggering Events That Accelerate or Increase a Direct Financial Oblig


Item 2.04 TRIGGERING EVENTS THAT ACCELERATE OR INCREASE A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT.

The Company has received notice from the holder of its currently outstanding $2,750,000 secured note that as of September 13, 2012 the note had become due and that payment was demanded. The Company did make its required interest payment of $330,000 on the note. The Company currently does not have the resources to repay the note and is in discussions with the holder for an extension.
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