Trans American Aquaculture defaults on $194.4K notes; creditor demands $234,927

Trans American Aquaculture, Inc

Missed $21,018 payment due Sept 30 on $82,800 note; cross-default accelerated both notes ($194,400 total principal).
Default notice from 1800 Diagonal Lending on Oct 7 demands $234,927, representing 150% of outstanding principal plus interest.
Notes include conversion rights: Lender may convert default amount into common shares, diluting existing shareholders.
Company's obligations now immediately due and payable; five business days to pay before conversion rights activate.

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