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jjphillips

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jjphillips

Re: rlmorrison132 post# 54711

Tuesday, 08/26/2014 12:56:04 PM

Tuesday, August 26, 2014 12:56:04 PM

Post# of 72908
A couple things I want to point out about this post for those who are not as familiar with the company.

First, while it is true that there is $300k of convertible debt due I'm December, it is worth noting that the the conversion factor is fixed at $0.015 per share. About 20M shares to get out from that convertible, which is relatively cheap at the moment.

Second, the company has full intentions of releasing their 10k on time. It has been communicates to us via Facebook and CEO updates that audits and inventories are already being done.
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