RE:Hows it Going Now for Keeping Up with Debt Payments?WTF man... Are you that desperate? Running out of material to bash on? Did you even read whst you just posted.. Clearly a non issue..
Bradwait wrote: Noticed this on sedar posted on last reported financials.
[a] Note payable to HDL
On May 4, 2016, StageZero Life Sciences Holding (formal GeneNews (USA), Inc.) received a notice of default from HDL for missing two monthly payments under the terms of the Notes that were renegotiated in March 2016. On August 15, 2016, Richard Arrowsmith, as Liquidating Trustee of the HDL Liquidating Trust (the “Liquidating Trust”), filed a Complaint against StageZero Life Sciences Holding (formal GeneNews (USA), Inc.), in the United States Bankruptcy Court, Eastern District of Virginia, Richmond Division (the “Bankruptcy Court”). The parties entered into negotiations and on March 1, 2017 reached a settlement agreement pursuant to which StageZero Life Sciences Holding (formal GeneNews (USA), Inc.) would pay the Liquidating Trust an aggregate settlement amount of $2,095,843, to be paid in a $25,000 upfront payment and monthly payments of $15,000 beginning March 1, 2017 to July 1, 2017, followed by monthly payments of $10,000 until the outstanding debt has been paid in full. The Bankruptcy Court granted the Liquidating Trust’s motion to approve the settlement agreement and, on April 27, 2017, the action against StageZero Life Sciences Holding (formal GeneNews (USA), Inc.) was dismissed with prejudice by the Bankruptcy Court. During nine months 2019, StageZero Life Sciences Holding (formal GeneNews (USA), Inc.). paid $90,000 [2018 - $110,000]. The change in fair value associated with the renegotiation resulted in a reduction in the fair value of the debt by $1,183,571.