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Wednesday, October 01, 2014 3:56:54 PM
Certain conditions must be satisfied before we are entitled to put shares to Dutchess, including the following:
there must be an effective registration statement under the Securities Act to cover the resale of the shares by Dutchess;
our common stock cannot be suspended from trading or the Company shall not have been notified of any pending or threatened proceeding or other action to suspend the trading of the common stock;
we must have complied with our obligations and not otherwise be in default under the Investment Agreement and Registration Rights Agreement;
no injunction or other governmental action shall remain in force which prohibits the issuance of shares to Dutchess pursuant to the Equity Line; and
the share price of our common stock must be at or above $0.10
Source: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10113533
Is my humble opinion.
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