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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Raser Technologies, Inc. | NYSE:RZ | NYSE | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.21 | 0.00 | 01:00:00 |
DELAWARE
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87-0638510
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(State or other jurisdiction of
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(IRS Employer
|
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incorporation)
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Identification No.)
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The Company has not made the October 1, 2010 interest payment. However, pursuant to the March 26, 2008 Indenture Agreement (the "Indenture"), the Company has until October 31, 2010 to make the interest payment before there is an Event of Default under the Indenture that would permit the holders of the Notes to accelerate the maturity date or take any action to enforce the Notes.
At this time, the Company intends to make the October 1, 2010 interest payment on or before October 31, 2010 or to seek, from the holders of the Notes, a forbearance with regards to the interest payment and a modification of the Notes.
There can be no assurance that the Company will make the interest payment on or before October 31, 2010, or will obtain a forbearance of the October 1, 2010 interest payment from the holders of the Notes and/or any modification of the Notes or the terms upon which any such forbearance or modification agreement will be reached, or that any requisite consents will be obtained or requisite conditions will be satisfied.
RASER TECHNOLOGIES, INC.
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Date: October 04, 2010
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By:
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/s/ Nicholas Goodman
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Nicholas Goodman
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Chief Executive Officer
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1 Year Raser Technologies, Inc. Chart |
1 Month Raser Technologies, Inc. Chart |
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