Replies to post #22640 on Itronics Inc (ITRO)

[suninthefun]

Dude you are losing it. A 8million dollar debt is not removed from the liability side of the balance sheet. What a hoot. You are trying way too hard to come up with something. Look how you contradict what you write in the very same post. A Note is a contract, governed by contract law.
The only truth to what you say is "The contracts were replaced by the settlement agreement." That doesnt mean they were cancelled. NIR will still convert because ----- they were not cancelled.

The outline of the terms of the settlement is filed right here
https://iapps.courts.state.ny.us/nyscef/ViewDocument?docIndex=w_PLUS_mAbOG6hljee_PLUS_H9tL48Wg==
Where in this does it say that the notes are "cancelled" in this court filing? It doesnt, but it does give some outline as to how NIR will get paid back.

We do see that itronics can pay in shares or cash, that is a good thing if itronics pays in cash. Hopefully they can.

PS if itronics doesnt pay they have a 8million dollar judgment against them for losing the lawsuit. Itronics may be behind the steering wheel but NIR has a gun to their head.