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Swinging Richards Update

We have been in touch with Swinging Richards regarding the April 2019 settlement payment.  It has informed us that it is finalizing the paperwork for a loan to make the payment.  Pursuant to our settlement agreement, we sent the company and its attorney a letter today starting a 45-day period running in the event we need to go to the court to enforce penalties for not making the payment within the default period.  While we expect that the company will make the April payment, we are prepared to go to court if we have to do so.  We are required to wait the 45-days before going back to court.  We will provide further updates as we have them.