Cybercare 0,21 0,05 +31,25% (nachbörslich auf 0,24)
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May 02, 2002
CYBER CARE INC (CYBR)
form 8-K
Item 5 - Other Events
CyberCare, Inc. (the "Registrant") previously issued a promissory note dated January 22, 2002 in the amount of $1,000,000 jointly to Dynamic Holdings, LLC ("Dynamic") and its principal (the "Original Dynamic Note"). At maturity, the Original Dynamic Note was not satisfied. The Registrant refinanced the Original Dynamic Note without any penalty by issuing to Dynamic a $1,250,000 convertible promissory note dated April 5, 2002 (the "New Dynamic Note").
The Registrant also previously issued a promissory note dated February 25, 2002 in the amount of $230,000 to Dynamic (the "Bridge Note"). At maturity, the Bridge Note was not satisfied. Subsequently, the Registrant satisfied the Bridge Note through an offset against amounts borrowed under a $1,250,000 convertible promissory note issued to Manford Investments, LLC ("Manford"), dated April 4, 2002 (the "Manford Note"). Manford and Dynamic are related entities.
The Original Dynamic Note and the Bridge Note have been retired and the obligations under the Manford Note and the New Dynamic Note remain current.
CyberCare Technologies, Inc., the Registrant's wholly-owned subsidiary, is a joint borrower under the Manford Note and the New Dynamic Note.
May 02, 2002
CYBER CARE INC (CYBR)
form 8-K
Item 5 - Other Events
CyberCare, Inc. (the "Registrant") previously issued a promissory note dated January 22, 2002 in the amount of $1,000,000 jointly to Dynamic Holdings, LLC ("Dynamic") and its principal (the "Original Dynamic Note"). At maturity, the Original Dynamic Note was not satisfied. The Registrant refinanced the Original Dynamic Note without any penalty by issuing to Dynamic a $1,250,000 convertible promissory note dated April 5, 2002 (the "New Dynamic Note").
The Registrant also previously issued a promissory note dated February 25, 2002 in the amount of $230,000 to Dynamic (the "Bridge Note"). At maturity, the Bridge Note was not satisfied. Subsequently, the Registrant satisfied the Bridge Note through an offset against amounts borrowed under a $1,250,000 convertible promissory note issued to Manford Investments, LLC ("Manford"), dated April 4, 2002 (the "Manford Note"). Manford and Dynamic are related entities.
The Original Dynamic Note and the Bridge Note have been retired and the obligations under the Manford Note and the New Dynamic Note remain current.
CyberCare Technologies, Inc., the Registrant's wholly-owned subsidiary, is a joint borrower under the Manford Note and the New Dynamic Note.
