ERF Wireless, Inc. (ERFB)

[Ghart]

Here is a reply I got from Dean regarding this issue

On Sep 24, 2014, at 4:45 AM, Dr. H Dean Cubley <[e-mail]> wrote:

Gary,

You are correct in that the proceeds from the asset sale of our residential networks was not sufficient by itself to address all of the debt that needs to be retired. We paid off our Senior Debt Holder TCA, who was also converting into stock, so that we could free up our assets to use to obtain additional longer term financing. Once completed this longer term financing will be used to retire the short term debt that is creating the stock pressure and provide additional working capital as well. We have referenced this approach in our previous press releases to some extent.

Dean