tw0122
4 months ago
The Reporting Persons elected to form a group to collectively express their opposition to the K1 Proposal. The communication to the Issuer also stated that the Reporting Persons believed that, given the Irish law requirements for approving a takeover deal and the substantial holdings of the Reporting Persons, the K1 Proposal was not actionable from a practical perspective and the board of directors of the Issuer has a duty to inform the other shareholders of the Issuer. The Reporting Persons indicated that they believe that the K1 Proposal prejudices the Issuer’s position to be able to pursue strategic alternatives that would help the Issuer’s financial position. Prior to the K1 Proposal, the Issuer and RP Ventures LLC were in negotiations with respect to a transaction to restructure all or any material part of the obligations under that certain senior secured promissory note, dated as of October 10, 2023 and amended on January 10, 2024, issued by the Issuer to RP Ventures LLC in the principal amount of $26,500,000, which is currently past due and in default. The Reporting Persons urge the board of directors of the Issuer to take appropriate action to create a path where the Issuer can address its operational and capital needs.
Invest-in-America
4 months ago
MRDB: You posted to me "today's news", but without even a LINK to it, nor a Tweet about it, nor an article elaborating it, nor even YOU saying anything about it --- somewhere, something, anything??? And then I inquire as to how much MONEY you scored behind MRDB's sudden soaring in the Post-M today, but you didn't reply to that either. Maybe you simple POST stuff on iHub merely to have the glory of being the VERY FIRST to post a post, for the mere sake of posting-a-post??? O.K., whatever works for ya, Dude.