I seem to remember ASOF also receiving a fee of $350K (paid in shares) for organising the $700k loan (which started out as $1million).
As far as any news on the debt forgiveness, the agreement states:
"the Debt Forgiveness will only become effective once ASOF has converted the balance of the Secured Notes it holds into shares or on the maturity date of the Secured Notes, whichever occurs first."
In this case the debt forgiveness won't occur until ASOF effectively has control of MST.
MST Price at posting:
0.1¢ Sentiment: Hold Disclosure: Held