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BRIEF-FunctionX says currently in default under 2 of debentures that remain outstanding

March 24 FunctionX Inc

* Functionx inc-currently in default under 2 of debentures that remain outstanding representing about 19% of principal amount issued in private placement

* Functionx inc - in default for failure to make certain amortization payments, including payment due march 2017 - sec filing

* Functionx inc - in default under two of debentures for failure to maintain minimum cash reserve - sec filing Source text for Eikon: Further company coverage:

我们的标准: 汤森路透“信任原则

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