RLBY
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On May 31, 2023, the Arbitrator appointed a Rehabilitative Receiver in the above case, an assignment which the appointee accepted. We now await the
Supplemental Order Appointing the Rehabilitative Receiver.
On June 16, 2023, we learned that the principal amount due on 22 Baltimore Road had been satisfied via sale and thus the Fairfax, Virginia court released the
VREH confessed judgement; meaning MMG was no longer listed as a guarantor.
On July 21, 2023, MMG filed a petition for attorneys’ fees, as requested by the Arbitrator. The Arbitrator set the following remaining schedule for submitting
petitions for attorneys’ fees: Vivos Holdings, LLC response on August 21, 2023 and our reply on September 6, 2023.
Upon a final resolution as to the underlying ownership and rights of certain shareholders, the Company intends to hold an annual meeting of shareholders
within a reasonable time thereafter.
As of June 30, 2023, the Vivos Debtor (“Vivos Debtor”) balance was $5,348. The arbitration award covering all bulleted items above currently totals $6,348
independent of legal fees, interest, and other fees (see Note 2 below). This amount represents a reduction in earlier estimates as a result of the clarifications
issued by the Arbitrator in the Amended Award on May 17, 2023.
Hopfully final resolution and annual shareholder meeting by years end 2023..... Early 2024 start moving forward as originally intended. The wait and Doki cesspoool trash delays have been brutal.
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