Toronto, Ontario--(Newsfile Corp. - October 9, 2020) - Nutritional High International Inc. (CSE: EAT) ("Nutritional High" or the "Company") is pleased to announce that the Company has received approval for the proposed amendments to the 10% senior unsecured convertible debentures (the "10% Debentures") described in the management information circular dated September 17, 2020. In addition, the Company announces that the major holder of the 12% Senior Secured Convertible Debentures ("12% Debentures") has agreed to support an extension of the maturity date of the 12% Debentures by one year to August 3, 2022. The 12% Debentures will also be amended to provide for the immediate payment of 50% of the remaining interest due to maturity in common shares at a deemed issue price of $.02 per share. The balance of the interest on the 12% Debentures, which would have accrued to the end of the new term, will be added to
A Fixter study, conducted across its network of independent garages, reveals that 75% of garages are experiencing a surge in demand for MOT bookings for October, November and December compared to normal year-on-year trends. Meanwhile, 45% of garages admit they are having to make customers wait longer than usual to book their cars in. To compound the issue associated with the MOT backlog, 70% of garages have experienced issues with increasing costs as well as delivery and sourcing issues of general parts such as tyres and brakes.
According to the Driver and Vehicle Standards Agency (DVSA), 9.58 million vehicles got an exemption via the six-month government extension. As of 21st September 2020, 58.7% of those cars have yet to have an MOT. Instead of the typical 6.5 million MOTs expiring in October, November and December combined, it is now predicted there will be a colossal 10.4 million MOT expiries