Looks like they have sold $3,000,000 of their Keek notes to a third party, with a closing before end of October, just in time to pay off the $5,000,000 on their debentures as promised in their press releases.
If PNP still has any POET shares left, this certainly takes any pressure off now.
KEEK ANNOUNCES PROPOSED RESTRUCTURING OF SECURED DEBT
Riavera Corp. (a company controlled by Mark Itwaru and a parent company to Personas.com Corp.) has entered into an agreement with Pinetree Income to purchase Pinetree's secured notes. Pinetree purchased $3-million principal amount of 12 per cent secured promissory notes of Keek Inc. on Nov. 5, 2014 (see press release dated Nov. 6, 2014). The Pinetree notes represent 55 per cent of the principal amount of all secured notes outstanding in Keek. The Pinetree notes are due Nov. 5, 2015. Keek understands the agreement between Riavera and Pinetree is scheduled to close on Oct. 23, 2015.
Loved the options press release!
Jimbo