Tagliamonte may be required to sell some or all of the commo The heavy selling this morning could have been initiated by Tagliamonte to clear his debt.
from the November 7th press release
To date, Mr. Tagliamonte has repaid $3,871,878 of the principal under the Tagliamonte Note, paid $349,037 of interest and the current outstanding principal amount is $500,000.
Following discussions between the board of the directors of the Company (the “ Board ”) and Mr. Tagliamonte, the Company has agreed to further amend (the “ Third Amendment ”) the terms of the Tagliamonte Note effective October 23, 2022 in order to extend the maturity date to October 23, 2023. The Company has no current intention to further extend the maturity of the Tagliamonte Note and the Company understands that Mr. Tagliamonte may be required to sell some or all of the common shares acquired using the proceeds of the Tagliamonte Note to fund the repayment of amounts owing thereunder to the Company on or prior to its new maturity date.