Replies to post #24713 on CSMG Technologies, Inc (fka CTGI)

[cashwealth]

they have to start selling. It's time to show revenue $$$$.
JMHO

cw

[ypsiCPA]

bbhuey, Good analysis. But share price below .25 is not a condition of default.

From the 8-K:
La Jolla may elect to make prepayment of the principal and interest due under the First Secured Note commencing six months from the date of the First Secured Note in an amount not less than $250,000 so long as there is no event of default as defined under the First Convertible Debenture and the average volume weighted average price of CSMG’s common stock is not less than $0.25 per share for every period of ten consecutive trading days during the term of the Note.

...

Under the terms of the First Convertible Debenture, the principal and interest due may be accelerated if certain events of default occur, including, but not limited to, a default in payment of principal or interest that is due and payable, CSMG’s failure to deliver the La Jolla either common stock in response to a conversion notice or cash to redeem such notice, a material uncured failure to perform or observe any convenant or agreement under the First Convertible Debenture or the Securities Purchase Agreement, and making a materially false or misleading representation, warranty or covenant under the First Convertible Debenture or the Securities Purchase Agreement at the date of closing.