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Re: xZx post# 18542

Tuesday, 10/30/2012 12:42:54 PM

Tuesday, October 30, 2012 12:42:54 PM

Post# of 71458
Sellers remorse ya if they were paid $1.5M based on .245/share basis. If they sold those shares they didn't get any .245 and if they held them...well, nuff said there, but they did accept those terms, at least for the first half of the $3M.

As for the promissory note. Pretty sure we've been in default on those payments.

Sorry to cite a citation in one of my own posts, but I get lazy.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=78927887&txt2find=montecito

But I'm splitting hairs here.

No doubt, what matters most is whether or not this whole shebang is reconcilable with us getting VM develompment underway.

Tony's blog comments and the effort he's invested into the pursuit of financing for VM suggest this is reconcilable. Just need the judge to say "Montecito, they've got your money and then some so sorry pal, case dismissed."

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