Boyuan Construction Co., Ltd. Message Board

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Microcap & Penny Stocks : Boyuan Construction Co., Ltd.

BOY.TO 676.50

-0.4%

Nov 6 3:00 PM EDT

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From: Brian	2/14/2013 9:35:36 PM
	of 3

good news reported today: At December 31, 2012 , the Company was in violation of its convertible debenture agreements as the Company failed to file its annual consolidated financial statements before the end of September, 2012. Under the terms of the convertible debenture agreements, such noncompliance constitutes an event of default which gives the holders of the convertible debentures the right to declare all outstanding principal and accrued interest under the agreements immediately due and payable after the passage of a 30 day waiting period and compliance with the default notice provisions. On January 29, 2013 , the Company obtained a waiver of the event of default and a waiver of the acceleration from the debenture holders.

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