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Re: Investorhm post# 4155

Wednesday, 04/23/2014 10:07:26 AM

Wednesday, April 23, 2014 10:07:26 AM

Post# of 49370
This funding HJOE's is receiving is nothing to brag about. Even the biggest scams on the pink sheets can get toxic financing. One note can convert at "70% of the average of the three lowest closing prices in the 25 trading days previous to the conversion." and has 34% interest rate. Another one can convert at 50% discount and "has an effective interest rate of approximately 62%."

Yeah, they get funding, but at terms that would make a loan shark envious. No legitimate lender would ever touch this company. This kind of funding is all they'll ever get which will continue to result in massive dilution and a crashing share price.

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