Pulse Beverage Corp. (fka PLSB)

[ChinaDude]

Page 16 # 2 of the Q reads verbatim management views convertible debt as a form of hybrid equity. Management does not plan to repay the convertible debt through cash flow from operations but will issue common stock in full settlement of those debts. Therefore, the Company receives cash and the repayment is done through conversion to debt and the discount to market is a non-cash expense. IN OTHER WORDS, DILUTE , DILUTE, DILUTE!!!! 2.2 bil reserved and only 2.1 bil left. Dang Yates went through those shares pretty fast. What a shame what a Shame. How much longer can he pull the wool over people's eyes? At this rate shares will be gone before you know it and conversions will be happening a lot lower prices. That's why when people were saying only 500 mil OS, you knew u had to read the filings. Stock goes to that conversion rate of .001 quickly when people see that yikes