Replies to post #77185 on BlockQuarry Corp (BLQC)

[gulliblebob]

I read your email. Actually the company is under an obligation to pay cash. All the notes that the company issued have a maturity date. Almost if not all of them are now in default because the company failed to pay them when they became due. They do have a conversion feature of 50% of the lowest trading price of the shares. This is commonly referred to a "Toxic financing" and generally is used by those companies that have no other means of raising capital.