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learningcurve2020

03/06/19 2:31 PM

#8160 RE: Weedman1 #8157

Note to self: nothing about paying for trials.


>>The purpose of the Authorized Capital Increase is to increase the number of shares of Common Stock available in order to have sufficient shares of common stock to enter into agreements to effect a conversion of certain debt obligations owed by the Company into shares of the Company’s preferred stock which shall be convertible into shares of the Company’s Common Stock. The Board has approved general terms on which the proposed conversion would take place, including that the offer to convert outstanding debt will be available to all current holders of the Company’s debt and that the Company would convert all or a portion of such debt, at the lender’s option, into shares of a new series of the Company’s undesignated preferred stock. The terms and conditions of any agreements entered into after the date of this Information Statement with holders of Company debt to convert such debt will be disclosed on a Form 8-K.