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Re: beniram001 post# 44239

Thursday, 06/05/2014 9:56:51 AM

Thursday, June 05, 2014 9:56:51 AM

Post# of 98675
It's not that hard to figure.. First the president can convert for 800 Million,, the company has over 600 Million outstanding and there is over 1 Million in debt left to be converted.. As to restriction,, the only one that there is that no person or group debtor can own more than 9.9% of the company at any time so that forces conversion if the debt holders want their money.. All conversions are at a discount of at least 20% to the market.. Hope this helps..

In addition the President seems to be able at will to increase his conversion rate on the preferred .. The last time he did it he increased his shares by 400 million shares w/o any compensation to other shareholders..

I've heard you say that before, where are you getting that number of shares from? Also aren't the max conversions possible based on avg volume and pps? I was just wondering how much the company is in debt and how much of that debt is convertable? I'm not combatting you, I just waant to know..
I see a lot in support for this company but as the price has been on the rise since the beggining of the year I have done more research and there is a lot of questions unanswered... So I just want to know at least that much that I asked you if you can help me out...

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