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Masta SkillZ

07/12/22 9:36 AM

#6613 RE: MasterSalix #6612

I knew the debt elimination seemed too good to be true. Oh well, a $1.9m injection is still good for a company with a market cap of $1m.

Any idea what this part means though?

(h) Upon the closing of the Four Agreements, AMI will pay a total of $375,000 to the holders of the majority of the outstanding principal of the Series A Notes in exchange for the Series A Waiver and a total of $375,000 to the holders of the majority of the outstanding principal of the Series 2023 Notes in exchange for the Series 2023 Waiver.

Is it just a payment to the noteholders or are they amending some terms of the debt?