hi bfavre40. If you look at the IR settlement proposal (the last 8-K) and an anticipated 8-K to be released this week, the old agreement is being rewritten and IR will be taking a subordinated position to one of MTVX's current lenders who will help with additional financing for new orders estimated in the $5 million ranged based on some additional DD I have done. Time is of the essence here so it is imperative that all matters concerning IR come to a conclusion before additional financing can be given. And that IR already took 1.2 billion shares to date and made big $$ on them, they are more than happy to take one more tranche--this time at 1c per share--and call it quits.
I reviewed some of the notes and consulting agreements that were written during the second quarter, and it appears that share issuances/conversion are at 1c. If parties convert at 1c, this means they are looking to get more than 1c, right?
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