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Cobra Kai

08/22/13 8:01 AM

#5450 RE: ChuckCheese #5445

A deal was already reached- MRL has accepted an offer on the debt and also agreed to retire all of its shares and warrants upon receiving all of its money.


writing debt off of the books and giving up their interest in ECOB are two totally different things. if you think that they don't want to be in line to get paid if ECOB succeeds or goes bust, you are crazy.

they surely want their money back. they just don't expect to get it back.



MRL will get their money back in the debt agreement they have already collected 600,000 on it so far.


"The successful execution of this agreement has settled all outstanding disputes with MRL allowing the company the ability to move forth achieving our corporate goals"