Replies to post #22531 on Itronics Inc (ITRO)

[harpe5368]

Just trying to provide you with more information that I have seen. I have no reason not to believe what's in the P/R. Hope it was helpfull.

[kajulie]

Please review the 2nd sentence in the 4/7/11 8k: http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=7532401

RENO, Nevada, April 1, 2011 -- Itronics Inc. (OTC:ITRO), a "Creative Clean Technology" company, announced today that it has reached a resolution of its litigation with the NIR Group, Ltd. and its affiliates, which held Convertible Notes issued by Itronics. As part of the resolution of the litigation, the parties have entered into a settlement agreement for the balance due under the Notes and the Notes have been cancelled.

Dr. John Whitney, President of Itronics, stated, "We are pleased to conclude the Litigation. Itronics will now be able to devote its full resources to developing and growing its business."

Corey Ribotsky, Chairman of the NIR Group, stated, "Litigation is a last resort for our family of funds. We are encouraged by the progress that Dr. Whitney and the Itronics team have made and we support their efforts to develop Itronics’ business."

[harpe5368]

Harpo That PR references the agreement that I just posted. Where does it say the notes are cancelled? IT DOESN'T. Both parties have settle on a new agreement that has not been released.IMO. The old agreement would, and should be cancelled. Just like when you do a refinance with a bank the old note would be cancelled, and the new agreement, or note would take over. ONE WOULD NOT WANT THAT OLD NOTE TO BE FLOATING AROUND. And yes it does say nir is owed 8 million and change. Most of the terms are there in the court paper's. Just missing a small amount of information. IMO. At the request of nir, and itro.