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trader993

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trader993

Re: The Rainmaker post# 834

Sunday, 04/16/2017 2:06:26 PM

Sunday, April 16, 2017 2:06:26 PM

Post# of 915
I see more over $4m liabilities and over $2m convertible debt.

Total current liabilities 2,097,927
Convertible notes payable 2,599,000
Total liabilities 4,696,927

You know before anything could happen, they have to issue the convertible debt or find a solution and this is very often not very positive for existing shareholders.

He could also file for bankrupcty, over $4m liabilities is a lot.

Who wants to merge into a shell full with debt? The share structure is meaningless under these circumstances.

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