Fuse Science Inc (DROP)

[Tontis_Acheater]

HMV......
The company specifically states that Fuse renegotiated the former March convertible note agreement where the holders agreed to purchase shares at a prescribed exercise price. That agreement is now null and void.

The new agreement specifically states Fuse exchanged the warrants for 81,234,016 shares of common for free. There is no clause in the new agreement mandating a purchase.

The bold represents the old agreement. The italics represent the new agreement. No purchase clause. Free exchange.


Quote:
Under Exchange Agreements entered into between the Company and the Holders, the Holders of Series A Warrants to purchase an aggregate of 18,991,054 shares of our common stock and Exchange Warrants to purchase an aggregate of 8,530,792 shares of our common stock agreed to exchange their Series A Warrants and/or their Exchange Warrants for an aggregate of 81,234,016 shares of our common stock (the “ Exchange Shares ”).


http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=9643315-1189-6393&type=sect&dcn=0001144204-13-065369