Replies to post #69686 on High Performance Beverages Comp. (TBEV)

[Luckytriple7s]

Looks to me like they will get non toxic financing and pay this note off before it's due date. Just watch. But in the mean time I'm sure everyone will be screaming dilution. Lol.

[stockdarockk]

Nothing converts for 2 and a half months. Watch out, yeah right. There will be many run ups between now and then. If people are worried if they dont like the pps, just be out by Dec 2nd. So you can watch it up till Dec 1st and then decide if you want to hold. They cant convert till December 3rd as part of the settlement agreement. You can see they are trying to clean up their debts. And negotiating more time, they will definitely plan to pay this down, if not all off without needing to convert shares. But even if they do its 2.5 months out, so nothing is happening any time soon. And this is a negotiated debt for later, so you can see they want to pay it down, or else they just could have converted now. They did not.

Some will try to use this today, and hoping worry a few who arent aware. But most will see how and when this even applies. I hope some panic and are out when news hits. 2.5 months is an eternity in the pinks.

Notice not till December 3rd. A lot can happen between now and then in sales. They will set aside shares in the A/S in October, just in case. But can reduce this by any monies collected and paid by December. There will be a lot of news by then to also raise the pps. Pretty standard stuff. Looks like they settled for more time, consolidated, and with sales, they probably will get revenues and combo financing, that is non-toxic, to pay this off.

The Note shall mature on the earlier of (i) December 3, 2015, (ii) the consummation of a Major Transaction (as defined in the Note) or (iii) an Event of Default (as defined in the Note) (the “Maturity Date”). The Note shall bear interest at a rate of ten percent (10%) per annum (the “Interest Rate”), but the Interest Rate shall be increased to twenty-two percent per annum (22%) immediately upon the occurrence of and for the duration of an Event of Default (the “Default Interest Rate”). In the event the Event of Default is cured, the Default Interest Rate will no longer be effective and the Interest Rate will apply. Prior to the Maturity Date, the Company may prepay, without penalty, all or any portion of the Note and interest thereon upon not less than ten (10) days’ written notice to Centaurian.

[Icanslim]

Does not convert until Dec 3, 2015. A lot can happen between now and then and that is what the Execut(e)ives are 'banking' on doing before Dec 3rd.