ASHER PAID IN FULLYou really have to wonder about bashing trolls that are non-investors but seem fixated on the company.
Asher was paid out early and yet they seem focused on a short term gap lender that charges high rates.
Big deal.
Welcome to the real world.
The more important consideration is that they were paid in full.
I believe Tgarfield, bless his bleeding heart had posted links to numerous companies that allowed Asher to convert to cheap stock much to their chagrin.
Funny how these folks never look on the positive side.
Wonder why???
Yappn Completes Early Repayment of Asher Note in Full
2014-03-27 17:30 ET - News Release
NEW YORK, NEW YORK -- (Marketwired) -- 03/27/14
Yappn Corp. (OTCQB: YPPN) ("Yappn or "Company") (www.yappn.com) is pleased to announce that the Company has repaid the Convertible Promissory Note owed to Asher Enterprises Inc. due on July 2, 2014 early and in full. As a result the note is no longer outstanding and cannot be converted into shares of common stock and the Schedule 13G filed by Asher on February 7, 2014 has been nullified.
Yappn's Founder and CEO, David Lucatch, stated, "Yappn is focused on creating shareholder value. With that in mind, we continue to work to manage our finances and have chosen to repay our debt to Asher in cash rather than allow for the conversion of outstanding Asher debt into deeply discounted shares of our common stock." Mr. Lucatch added, "It is the Company's intention, where possible, to repay our remaining Asher obligation in the same manner, in cash and not discounted shares."