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Wednesday, July 23, 2014 10:57:40 AM
FLST picked up a few at .0013. This one used to be trading much higher. Asher got involved and we all know what happens when that happens. Hopefully from the info below from June they are out or close to being out. Anyway volume been good on it and SS not to bad so figured I would grab a few here. Seems to be trying to form a bottom around the 0012 area. Summer slump getting close to ending so maybe we see a bounce soon.. 52wk high is .40 Currenly .0013 X .0014
O/S as of 7/21/2014 is 353,026,154
Paid Off Toxic Debt
On July 19, 2013 and August 26, 2013 FLST borrowed $131,500 from Asher Enterprises in the form of 8% convertible notes. Asher is known in financial circles as a lender that converts the debt it own to equity. A lot of equity. On January 23, 2014 FLST announced it retired the two Asher Notes and has contracted to retire the third and final note issued to Asher before it matures. By redeeming the Asher Notes, they are now paid in full and will not be converted into stock. FLST did borrow the money from another lender, but management is confident they will have sufficient cash flow to pay the new note when it comes due.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=103053229
O/S as of 7/21/2014 is 353,026,154
Paid Off Toxic Debt
On July 19, 2013 and August 26, 2013 FLST borrowed $131,500 from Asher Enterprises in the form of 8% convertible notes. Asher is known in financial circles as a lender that converts the debt it own to equity. A lot of equity. On January 23, 2014 FLST announced it retired the two Asher Notes and has contracted to retire the third and final note issued to Asher before it matures. By redeeming the Asher Notes, they are now paid in full and will not be converted into stock. FLST did borrow the money from another lender, but management is confident they will have sufficient cash flow to pay the new note when it comes due.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=103053229
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