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Re: Maybeismaybenot post# 27227

Tuesday, 12/16/2014 7:14:44 AM

Tuesday, December 16, 2014 7:14:44 AM

Post# of 38564
Not at all. The funding for first half of Fiscal 2015 has been deducted from last half of 2014. The Asher type financing is gone. The new financing is long term 10%, further reducing the monthly over head to the int payment which is to be paid in cash and not shares. The new financing is secured by common shares. But when the restrictions expire there's no current plans of selling those shares into the open market because all profits from revenues or sale of the company are to be paid to the common shareholder. The preferred shares are for control and voting only. They get no dividends or moneys from future developments.

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