OTCQB:EMHTF - Post by User
Comment by
WeedStocks4lifeon Nov 27, 2019 11:50am
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Post# 30398285
RE:Heads Up
RE:Heads UpEMH holders are in for a rude awakening once this is finalized in arbitration. You cannot satisfy a contractual payment obligation by reducing the amount owing on the promissory note that expires in 2020 lol. These are two separate agreements and unless there was something in writing approved by both parties, EMH is SOL.
DanielDarden123 wrote: . By extinguishing debt, this does nothing to support near term cash flow and thereby does not satisfy the amended agreement that Emerald and Village both signed.
Remember the purpose of the agreement. Emerald was to provide the cash for the conversion of Delta 2! How can they argue that they are entitled to ownership and benefit without providing the cash??? Sounds futile.