Replies to post #1556 on GeneSYS ID Inc fka GNID

[StockMedic1]

From company's 8K in June:

As previously stated, on February 25, 2015, we entered into a securities purchase agreement with Coventry Enterprises, LLC, whereby Coventry agreed to invest up to $100,000 in exchange for our issuance of two convertible promissory notes ("Note I" and "Note II') each in the original principal amount of $50,000.00. We received funding from Coventry under Note 1 for $50,000, but did not receive funding for Note II. We have exercised our ability to redeem Note I for 125% of the principal amount plus all accrued interest. In addition, on February 25, 2015 we entered into an Equity Purchase Agreement with Coventry Enterprises, LLC. We have sent notice to the investor terminating this Agreement effective June 19, 2015.

Looks like Coventry has been paid off and the company has terminated its dilutive equity line a few months ago.