Replies to post #106799 on Cuentas Inc (CUEN)

[Arthur]

Yes, NXGH is borrowing $513,872 from LimeCom. That debt happens to be convertible into dilutive shares in the extremely likely event that NXGH cannot come up with the cash.

The Company has entered into a Loan Agreement with LimeCom, Inc. wherein LimeCom has agreed to lend to the Company the sum of $513,872.00_ at 6% (six percent) interest per annum to be repaid by the Company in 180 days or six months from the date of the Loan Agreement. The Company has the option to repay the loan to LimeCom, Inc. in cash or restricted shares of common stock of the Company, or a combination thereof. The price per share to be determined by the ten day market average trading price of the Company’s common stock. The Company has further agreed to provide thirty days’ notice to LimeCom, Inc. of its election to repay the note in cash or common stock, or a combination thereof.