Replies to post #128511 on Potnetwork Holdings Inc. (fka POTN)

[billytbone]

You would have to read the terms of the note. Most times a payoff is not allowed by the toxic lender.

[Here Today]

I am not 100% on this, but I think they can file a Form 1A registration to sell a certain quantity of stock so as with the money they receive from the offering, POTN can pay off the lump sum payment to the Debt Holder. But I am not sure if they are or can do so at this time. And what a Form 1A Registration does, it allows a company who cannot get a bank load to sell a specific quantity of shares at a specific $ value. So for instance, they could file to offer 4 million shares at a selling price of $.75 so as to raise $3 million ( not certain what a payoff debt amount is needed) to payoff the debt in full without releasing anymore shares as debt repayment. But I am not sure if they are able to do that.