RE:RE:Auxly Cannabis Man the English language is a beaut isn't it?
EbbFlow88, you do realize that your post supports what imaberich is saying.
Info on dates asside, what you have both said is Auxly's payments to IB have effectively been deferred at this time.
From your post ebbflow88 :
The write-down of the convertible debt owed by Auxly reflects the challenges faced by the business due to the slower than anticipated evolution of the Canadian cannabis sector, in part the result of the economic impact of COVID-19, putting into doubt Auxly’s ability to repay the debt in full on its due date. Here's one of the challenges we face.
https://www.lexology.com/library/detail.aspx?g=9a514233-a4a8-4821-a9a9-58eaa6b9008f
There's other articles on this subject as well. Easy enough to find if you chose to look.
Now rather than Auxly making payment and creating a bunch of unnecessary legal problems it's just best for all parties to move forward with patience and prudence. Wouldn't you agree, mate?
Look we're happy to take a punch in the face for IB. If that's what it takes to ease the minds of IB investors. So be it. Fact is IB's been a major team player here with financial backing and sharing IP and all that. We owe IB a huge debt of gratitude and we'll be fulfilling our obligations. I'm pretty sure of that. Just might have to wait till the UK catches up is all.
ttfn