8 million net proceeds from offering of Secured Debentures
that were deposited under trustee as of September 30, 2015.
PIK interest will be added to the principal amount of the Secured Debentures
9 million of its outstanding 8% Secured Debenture
and an additional $780,000 of accrued interest from various holders, clears from ANEC's balance sheet approximately $13.
The statements in this press release regarding the conversion of the senior secured debentures
, reconstitution of the board of directors and management, actual and anticipated market conditions, any implied or perceived benefits from the new management, and any other effects resulting from any of the above are forward-looking statements.
The Series B Preferred Stock and the new convertible secured debentures
include restrictions on conversion that prohibit a holder of these securities from converting them if it would result in the holder beneficially owning more than 9.
Airtrax issued investors secured debentures
, convertible into shares of common stock at a conversion price equal to $0.
OTCBB:ETLO) announced today that it has executed an agreement to restructure its January 2008 and April 2008 Convertible 6% Secured Debentures
with a principal amount of $5.
BULLETIN BOARD: ENEI) today announced that all of the remaining holders of its 2004 and 2005 Convertible Secured Debentures
have elected to convert their debentures into common stock.
today announced that it is working with its Senior Lenders that hold the Company's $15 million Senior Secured Debentures
due August 31, 2008, in order to satisfy its future obligation and to settle a dispute of whether any default has occurred and whether a redemption has occurred, as asserted by the Senior Lenders.
625 billion term loan and the $121 million of secured debentures
are secured by a first lien on NMG's fixed and intangible assets, and have average recovery prospects (31%-50%).
7 million private placement of Senior Secured Debentures
(the Debentures) issued by Midwest Energy, Inc.
14 million in financing through a private placement of convertible secured debentures