Replies to post #721 on Taj Systems Inc (TJSS)

[amank7]

Can you read it for me?

[Swimmingly]

Just throwing this out there. Do not know what this means exactly, but it sounds good.

Exchange of assets for liabilities. As reported in the Closing Agreement, an agreement was reached with creditors to reduce their liabilities through award to restricted common shares in our portfolio company, Taj Systems, using a share value of TJSS of $0.28/share. This transaction resulted in the issuance of 437,144 Taj shares to the Former CEO, Jay Patel, and the former President, Carl Gessner, and issuance of 2,193,062 shares to The Nutmeg Group, LLC for the reduction of shareholder loans. This transaction resulted in a total reduction of the company’s liabilities of $736,458.


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