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Re: Investorhm post# 4138

Tuesday, 04/22/2014 6:52:46 AM

Tuesday, April 22, 2014 6:52:46 AM

Post# of 49370
You're the one that posted the link that clearly states the funding you're talking about is from April 2013. And in the latest 10K it clearly states they only received 375K total so that money is now long gone. The information is in the filing. the dates and dollar amounts are in print you can say what you will however, you saying it doesn't change the facts!

On April 12, 2013, the Company executed a term sheet with an accredited investor (“Investor”) for a proposed investment of $1,000,000 in the Company in exchange for 15,000,000 shares of common stock, 5,000,000 shares of Series C Preferred Stock, and warrants to acquire 500,000 shares of common stock at $0.12 per share for a period of five years. The warrants may be redeemed by the Company if certain conditions are met, including that the shares underlying the warrants have been registered and the common stock trades at or above $.20 per share for 20 trading days. The first tranche of $500,000 is to be deposited on or before April 17, 2013 in exchange for 15,000,000 shares of common stock and warrants to acquire 250,000 common shares described above. The second tranche of $500,000 is to be deposited on or before April 26, 2013 in exchange for 5,000,000 shares of Series C Preferred Stock and warrants to acquire 250,000 common shares described above. As of April 11, 2014, the Company received $375,000 toward the first investment tranche.

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