Rancho Vista II Action Property Mgt. There’s been a good little bit of action in the fixed price dwelling loan market of late, with loads of lenders having already made the identical strikes as ING: sharpening shorter term charges and lifting longer ones. New and Pending Home Sales stories and the standard mortgage rates and weekly jobless claims reviews are also scheduled. As of March 31, 2021, the corporate was not topic to any threatened or pending authorized actions or claims. The stock options issued by CSES in 2015 and 2016 have been transformed into inventory options of Alltemp on the closing of the reverse merger transaction on April 27, 2017. For stock choices requiring an evaluation of worth during the yr ended March 31, 2021, the honest value of each inventory option award was estimated using the Black-Scholes choice-pricing mannequin with the following assumptions: Risk-free interest rate Expected dividend yield Expected volatility Expected life 2.230% 0% 233% 6 to 9 months For stock choices requiring an evaluation of value through the yr ended March 31, 2020, the fair value of each stock option award was estimated utilizing the Black-Scholes possibility-pricing model with the following assumptions: Risk-free interest rate Expected dividend yield Expected volatility Expected life 2.23% 0% 233% 6 to 9 monts Stock-based mostly compensation prices for the three months ended March 31, 2021 and 2020, were $3,238 and $4,142, respectively.
In March 2021, the 5 million shares of Series A Preferred Stock had been converted into 5 million shares of frequent stock and, as a result, no shares of Series A Preferred Stock remain excellent. Upon liquidation, the holders of Series A Preferred Stock are entitled to receive a liquidated choice equal to their original concern value plus accumulations in unpaid non-cash dividends and, upon payment thereof, the holders shall no longer take part in any remaining distributions. Series A Preferred Stock are convertible on the holder’s choice on a share-for-share basis into frequent stock and mandatorily convertible at the identical ratio upon the sooner of the closing of a public offering resulting in minimum gross proceeds of $10 million, if the widespread inventory trades at or above $1 per share for 16 out of 30 consecutive trading days, and June 30, 2023. The holder of Series A Preferred Stock shall be entitled to cast quite a few votes equal to four hundred times the number of shares of Series A Preferred Stock. Considered one of Australia’s largest home loan lenders, ING, has announced that will probably be making a variety of modifications to its mounted fee home loans, including the introduction of tiered pricing for different mortgage-to-value ratios (LVRs).
Coming into impact tomorrow (May 26), the changes will affect new owner occupier customers on the bank’s Fixed Rate Loan and Fixed Rate Loan (with Orange Advantage) dwelling loan products. 12. Commitments and Contingencies Legal Contingencies The company could also be subject to authorized proceedings on occasion as a part of its business activities. The corporate might renew the Consulting Agreement for 2 further terms of six months or much less by offering written notice to the marketing consultant previous to the expiration of the time period. Significant Agreements and Contracts The company leases its production and warehouse facility in Roseburg, Oregon beneath a Commercial Sublease Agreement dated July 1, 2015 (the “Sublease”) from a major shareholder who can also be the Chairman of the Company’s Board of Directors. The company didn’t have any rent expense with respect to this workplace facility for the 12 months ended December 31, 2016. Effective June 19, 2017, the company entered right into a Memorandum of Understanding (“MOU”) with Vikasa Holdings, LLC (“Vikasa”) to jointly conduct an preliminary Phase 1 review of the refrigerant market in India, Subject to successful completion of the Phase 1 assessment and the determination by the parties to continue their efforts to introduce the Company’s refrigerant products to the refrigerant market in India, the events intend to enter into a subsequent Comprehensive Agreement concerning the development and provision of programs infrastructure and assist services for the sale and distribution of the Company’s refrigerant products in India.
0.08 per share. The corporate had beforehand entered in a six month consulting providers agreement with Green Chip effective as of August 1, 2018 for sure advertising and marketing and consulting providers to be supplied through January 31, 2019 for a payment of $3,000 per month, payable in cash. On November 21, 2017, the company entered into a Consulting Agreement with Karolus Maximus Kapital, Inc. for a interval of one year for various investor and public relations companies. The SOW provides for a month-to-month money payment of $15,000 for a period of three years by means of December 31, 2018. On December 1, 2016, the corporate entered into an Advisory Agreement with Steven S. Antebi, a major shareholder of the corporate, to supply financial advisory companies to the company for a monthly cash payment of $10,000 for a interval of two years. The Consulting Agreement supplied for the company to grant a stock possibility, in the type of a warrant, for 10,000,000 shares of the Company’s common stock at a nominal exercise price, vesting on the grant date, and expiring 5 years thereafter. 0.77682 per share), vesting quarterly over the 2-12 months interval from the date of grant, and expiring 5 years from the date of grant.