RE:RE:RE:RE:STREAM TV NETWORKS ?From the old post by robiz - question do we have 120K shares or 150 K?
robiz2 - (9/15/2017 1:38:27 PM) RE:RE:RE:STREAM TV NETWORKS ?
The Company announced that the subordinated, secured promissory note, valued at US$1.5 million, has been further amended to extend the maturity date from December 30, 2016 to March 30, 2017. In consideration for the extension Intrinsyc will receive 30,000 warrants convertible into Class A common shares in Stream TV Networks, Inc. on a 1 for 1 basis for a period of up to 5 years. The note was further amended on February 2, 2017 to extend the maturity date to February 1, 2018. Intrinsyc also received 120,000 warrants convertible into Class A common shares in Stream TV Networks Inc. on a 1 for 1 basis for a period of up to 5 years. In addition, Stream TV committed to acquire a minimum of US$2,000,000 in Intrinsyc products, services, and royalties to be purchased or generated between February 1, 2017 and February 1, 2018. I thought ultra d was having trouble getting there financing.