Plus $750,000 cash that they will need to raise. Probably at a deep discount to mates.
Luis Martinez IS the Mexican vendor! Like I said, be very careful. They haven't moved to 90% (or is it 80% or is it 100%?), they announced renegotiations that don't appear to have ever happened or reverted to the original terms and now they are throwing there Mexican partner off the board.
Ann: Notices Received to Remove Luis Martinez Valles as Director, page-11
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