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Re: Realizer post# 15089

Saturday, 06/29/2013 2:07:39 PM

Saturday, June 29, 2013 2:07:39 PM

Post# of 43290
It was 2%... The post I am reffering to is the one I am replying to read it for all the info. But this is the jist of where some of these shares being sold are coming from:

On December 21, 2012, the Company entered into an amendment agreement (the "GCASIF Amendment") with GCASIF, the holder of that certain Convertible Bridge Note (the "GCA Bridge Note") in the principal amount of $300,000.

The GCA Bridge Note matured on or about November 22, 2012, on which date all past due amounts of the GCA Bridge Note began accruing interest at 15% per annum. Furthermore, on November 22, 2012, because the shares of the Company's common stock into which the GCA Bridge Note is convertible were not registered under an effective registration statement (the "Registration Statement"), GCASIF was entitled to liquidated damages equal to 2% of the outstanding principal for each 30 day period after the November 22, 2012


Everything is IN MY OPINION!!!

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