iSIGN Media Announces a Delay in the Release of its Annual Financial Statements and an Amendment Extending Various Convertible Debentures
The Company is working diligently and expeditiously with its auditors and expects to file the documents as soon as possible.
- The Company is working diligently and expeditiously with its auditors and expects to file the documents as soon as possible.
- Pursuant to the terms of the amendment, the conversion rate for the additional three-year period would be $0.10 in each of the additional three years.
- The three debt holders are companies that are either controlled or are wholly owned by iSIGN’s majority shareholder and control person Josip (Joe) Kozar.
- The Company confirms that there is no other material information concerning the affairs of the Company that has not been generally disclosed as of the date of this press release.