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Re: bingoboard post# 78

Wednesday, 02/17/2016 6:23:31 PM

Wednesday, February 17, 2016 6:23:31 PM

Post# of 140
As I wait and watch the for the next bit of information from our nontransparent company management I imagine all sorts of degenerative events happening. Mostly how many of the apparently useless patents have expired or been terminated because of non payment of the massive "Maintenance" fees due the USPTO. Those and the Patent Attorney fees are a gigantic expense I have to assume are the reason for such things as the following exercise on an "Investor Convertible Note:"

"On January 25, 2016 the Investor converted the Convertible Note into 4,320,000 shares of the Company’s Common Stock and a warrant to purchase 4,320,000 shares of the Company’s Common Stock with a ten year term and an exercise price of $.50. Of the 4,320,000 shares of Common Stock, 320,000 shares represent interest paid on the Convertible Note pursuant to the terms of the Conversion Agreement".

And, so it goes. Said "Investor" must certainly know what we don't or nobody in their right mind would be putting up this kind of change on a whim as we unimportant and purposely uninformed investors are mostly doing.

I can accept my position as mister nobody or leave. But now I am too curious about it all.