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Knowledge is King

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Knowledge is King

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Re: None

Wednesday, 09/12/2012 1:52:31 PM

Wednesday, September 12, 2012 1:52:31 PM

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Careful w/MMRK; possible 50M share dilution @$.04/share



At 12/11, the company had about $2M in convertible debt, convertible at $.04/share = 50M shares possible dilution. They are attempting to renogiate this amount, but it looks to me like they'd have to give up ownership of 65% of the company if the debt holder goes for the deal...

All this is my interpretation of Note 7 on page 12 from the 2011 financials linked here...

http://www.milemarker.com/financials/2011_2010_FinancialStatements.pdf

Government is never more dangerous than when our desire to have it help us blinds us to its great power to harm us.

Ronald Reagan

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