ITEM 1.03 BANKRUPTCY OR RECEIVERSHIP
On
Court filings and other information relating to the Debtor's Bankruptcy Case are available at https://pcl.uscourts.gov/pcl/pages/search/results/cases.jsf?sid=e28d82954493422baf55989985df3146.
ITEM 2.04 TRIGGERING EVENTS THAT ACCELERATE OR INCREASE A DIRECT FINANCIAL OBLIGATION OR OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT
The commencement of the Chapter 7 Case described in Item 1.03 of this report constitutes an event of default under certain of the Company's debt instruments, including each of the unsecured Convertible Promissory Notes further detailed in the Company's prior 8-K, 10-Q and 10-K filings, which results in automatic acceleration of the Company's obligations under such debt instruments.
ITEM 7.01 REGULATION FD DISCLOSURE
On
The information furnished pursuant to Item 7.01, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), is not subject to the liabilities of that section and is not deemed incorporated by reference in any filing under the Securities Act of 1933, as amended (the "Securities Act"), unless specifically identified therein as being incorporated therein by reference.
Forward-Looking Statements and Limitation on Representations
This report contains certain statements that are, or may be deemed to be,
"forward-looking statements" within the meaning of Section 27A of the Securities
Act and Section 21E of the Exchange Act. All statements, other than statements
of historical facts, that address activities, events or developments that the
Company expects, believes or anticipates will or may occur in the future are
forward looking statements. These forward-looking statements are based largely
on the Company's current expectations and projections about future events and
financial trends affecting the financial condition of its business. These
forward-looking statements are subject to a number of risks, uncertainties and
assumptions, including, among other things, the risk factors discussed in the
Company's most recent Annual Report on Form 10-K as well as in other reports
filed from time to time by the Company with the
These forward-looking statements may be affected by, among other things, (i) the
Company's ability to obtain approval with respect to motions in the Chapter 7
Case, the
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits. Exhibit Document Description 99.1 Press Released datedJanuary 30, 2020
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