Mr. Alex Baluta reports
FLOW CAPITAL ANNOUNCES LEGAL PROCEEDINGS AGAINST DIONYMED
Flow Capital Corp. has commenced legal proceedings against Dionymed Brands Inc. as DionyMed is in default under the company's royalty agreement. The claim is for the minimum sum of $2,698,116 which is made up of the investment balance, past-due royalty payments and late payment fees.
The company's investment in Dionymed is $1-million and there can be no assurance that the company will recover any portion of its investment.
Flow Capital is a diversified alternative asset investor and adviser, specializing in providing minimally dilutive capital to emerging growth businesses.
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