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MoneyStocker1

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MoneyStocker1

Re: Neighbor Neil post# 20646

Wednesday, 09/11/2013 2:26:40 PM

Wednesday, September 11, 2013 2:26:40 PM

Post# of 22426
This is not an issue, besides the 8k, this has also been confirmed by the company that the letter of credit is a non issue!


Effective May 28, 2013 Lily Group also entered into a Memorandum of Understanding with Lily Group Holdings Company (“LGHC”), an entity owned by Mr. Risinger, our Chief Executive Officer. Pursuant to the terms of the Memorandum of Understanding, LGHC WILL obtain the aforementioned letter of credit and certain other personal guarantees required by the Investor to satisfy the security requirement for the loan.




VHGI

MS
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