Replies to post #7891 on Medical Care Technologies Inc (MDCE)

[Bretwalda]

Well the money didnt go to AGS capitol group to pay the termination fee for MDCE cancelling the REF financing IMO.

http://www.sec.gov/Archives/edgar/data/1404593/000121390012005690/sc13d0512ags_medicalcare.htm

"In connection with the acquisition of the securities of the Issuer, the Reporting Persons have a Reserve Equity Financing Agreement and Registration Rights Agreement with the Issuer, dated April 27, 2012. A copy of the Reserve Equity Financing Agreement was filed as Exhibit 10.40 to the Issuer’s Current Report on Form 8-K, filed with the SEC on May 4, 2012, and incorporated herein by reference. A copy of the Registration Rights Agreement was filed as Exhibit 10.41 to the Issuer’s Current Report on Form 8-K, filed May 4, 2012, and incorporated herein by reference. On July 23, 2012, the Issuer sent to AGS a letter terminating the Reserve Equity Financing and Registration Rights Agreement, however, the Issuer did not pay the required termination fee. This was disclosed in Item 1.02 to the Issuer’s Current Report on Form 8-K, filed June 12, 2012, and incorporated herein by reference."

Looks like AGS holds 35% of the 1.4bil approx shares of this type that were available at that time?