I don't see how FTS is going to get out of this one...

They bought the assets and debts of OTG and even hired Rasmussen as CEO, not to mention making several SEC filings saying first the agreement, second the new CEO, third the modified agreement with the debt payment info...

Seems to me they are in the fire...they own OTG and owe the Note" and owe the "debt" (the former being convertible to FLIP stock...$1.1 million at $.0001 = 11 billion shares!)...

FTS SEC filing that they are not accepting the agreement does not get them OUT of the agreement, IMO...they are ?ucked, IMO...