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DD-214

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DD-214

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Sunday, 06/25/2017 5:46:29 PM

Sunday, June 25, 2017 5:46:29 PM

Post# of 19276
An excerpt from PFSD's last PR..

One convertible debenture holder, with whom we have been unable to reach an agreement to repurchase their note, continues to convert their debt to equity from time to time. The company has no control over the amount and timing of these conversions. Conversion of this debenture should end soon and will not cause the outstanding shares of the company to exceed our authorized total of 400 million shares.

The company has no plans to increase its authorized share total or issue any new convertible debt.
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