jelaco
1 month ago
I don't know if people saw that the notes are gone now vs last q
On May 8, 2024 and May 20, 2024, Messrs. Igwealor and Glass sold the convertible promissory notes referenced above to two investors, both of whom were substantial shareholders and founding members of Cycclone Magnetic Engines, a wholly-owned subsidiary of the Company, in private transactions. Subsequently, the two creditors forgave all of the outstanding principal and accrued interest on the notes.