REAC... As of September 30, 2018, all of the Company’s convertible promissory notes remain outstanding beyond their respective maturity dates... triggering an event of technical default under the respective agreements. Consequently, the Company is accruing interest on these notes at their respective default rates...As a result of being in default on these notes, the Holders could, at their sole discretion, call these Notes in their entirety, including all associated penalties provided for under the respective agreements. In this event, the Company may not have sufficient authorized shares to absolve itself of the defaulted Notes through the issuance of common shares of the Company...
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