August 1, 2007, and Q2-2007 financial results by August 15, 2007 so as to be in compliance with requirements to be categorized as a "Current Information" provider under the new Pink Sheets categorization system.
Thats what they have been saying. They meet the June 20th date
So you say John Burge did not hold up his end of the agreement. That means he was in default and in turn released from the company and as a result the note is void...