A World leader in advanced plasma processes

Being commercialized in multiple applications around the world including plasma torches, Industrial 3D printing powders, aluminum & zinc dross recovery, waste management and defence - 4 US aircraft carriers

Free
Message: Share for debt coversion and claim

 

Dear 007,

 

 

 

Thanks for posting again.

 

 

 

I fear that in answering this question I might risk raising others which I will be precluded from responding to, but I will give it a shot.

 

 

 

First, I want to emphasis, once again, that this was a claim and not a law suit.

 

 

 

Essentially what this claim boiled down to was the choice/method of calculating the amount which was to repay his debt in full.  The solution was not as simple as it may seem, and many issues had to be considered by both Parties.  After reviewing all the facts, and with the guidance of our Board (who you may note are not neophytes), legal counsel, and our Auditors, we put the issue to bed with a compromise we all could agree on.

 

 

 

That’s about all I can say about that,  I trust it helps and sheds some light on your question.

 

 

 

Once again 007, thanks for posting here

 

 

 

Peter

 

Share
New Message
Please login to post a reply