Replies to post #19266 on 4Cable TV International Inc (CATV)

[starstx]

Bingo! Was about to post same and thank you for correcting BruceLake

[I-Glow]

That isn't true - a notice of conversion that isn't properly formatted doesn't mean the contract is Null and Void - all it means is that the company doesn't have to provide the shares - but CATV breached the contract by not having shares available for conversion.

"But even if they did have a right, it is the Company's contention that Adar Bays failed to provide proper notice. Where I'm from, when dealing with contracts, respecting timelines and terms of a contract is important. Failing that it could render it null and void."

It is hilarious how a few shareholders think it is OK for CATV to not honor their financial responsibilities and try to justify borrowing money and not repaying it.

Good luck on future financing but that is what I expect on the OTC.

IG

[I-Glow]

Have you read the SPA or promissory note - to verify how the conversion notice has to be submitted or the list of Default Events?

IG

[I-Glow]

From the Complaint:

21. CATV failed to repay the Note, triggering the Event of Default outlined in Section 8(a) of the Note.

22. By virtue of this Event of Default, the principal amount of the Note increased by 10%, and default interest in the amount of 24% began to accrue on the principal of the Note.

23. With CATV having failed to repay the Note, Adar’s conversion right remained and on January 20, 2021, Adar submitted a Notice of Conversion to convert $74,725.00 of the Note into 155,677,083 shares of CATV Common Stock, representing a conversion price of $0.0008 NJ
per share (the “Notice of Conversion”).

A true and correct copy of the Notice of Conversion is attached hereto as Exhibit G.

I will have to go to Pacer to read Exhibit G.

Are you suggesting that the Adar Attorney has committed False Statement Perjury when they state a true and correct copy of the Notice of Conversion was submitted?

IG

[Smallville]

That comes from CATV.

I need to see the Adar response.

Let's see what happens in Court as apparently the mediation efforts failed.