I agree, something fishy here. Santo is right about not trusting any of the OTC stocks. More scams out there and I can't believe the SEC doesn't regulate this better. Truest words Ive heard is this is just a slot machine.
TXHD I will post one time only here. I wanted shares and they did not want to give shares. Also look on the bright side all litigation is done. They have a leak out with Restricted shares on most of them 6 months from now. The Share structure is still solid. I will say this its not a they it's one person and this one person is not worried about selling as you all think and have opinions. No way at this price and not even close before and stock would be for sale.
Spring Trader could likely shed a lot more light on this case but the original agreement was for shares, not cash. I believe the terms were outrageous and had massive interest penalties. It’s unfortunate the company signed the deal but they were desperate for the cash at the time.
This seems to have been a sort of meet you in the middle resolution. I believe the interest alone would have taken this up and beyond $1 million. The company decided to settle only because this process could take more than 1-2 years and cost over $100,000 in additional legal fees. There is no guarantee they would have won anyways, so they cut their losses and are moving on to bigger and better things.
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