ERF Wireless, Inc. (ERFB)

[Ghart]

Thanks for the post. Here is a e-mail response I got:

Gary,

What I told you before is still correct. As noted in a previous PR the payoff of toxic debt is our highest priority. Nothing has changed and I would still use the same words that I previously used to describe its status.

Dean

Ok, so they got the 2.5M to refinance the balance sheet and choose to payoff other debt before the convertible debt and now won't have anywhere near enough money anytime soon to payoff the roughly 1.25M in toxic debt hence screwing the shareholders with endless dilution that will probably end in the hundreds of millions O/S by the time it's over.

So you tell me, were we lied to when he says the "paying off the toxic debt is our highest priority" ??