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Re: Potse post# 9960

Wednesday, 01/07/2015 5:30:25 PM

Wednesday, January 07, 2015 5:30:25 PM

Post# of 10809
FZMD(.55)...debt conversion above $1......

But just very recently the email contact on FZMD's website was changed to what I think is Alan Meeker's email address. And Meeker has made some minor open-market purchases at prices above $1 within the last couple of weeks.



On December 31, the company converted about $1.57M in debt at a conversion price of $1.04 per share. Better than half of that debt was indirectly held by insiders/directors or people/entities who are closely-connected to the company and already have equity positions in FZMD. The other portion of the debt belonged to privately-held World Health Industries.....

IMO, this debt conversion coupled with statements in the last quarterly report probably bodes well for some type of movement/development regarding the FZMD stock in calendar 2015.....

Also on December 31, 2014, the Company entered into three separate Debt Conversion Agreements ("Conversion Agreements") with WHI Group, CB, and JAR. Pursuant to the terms of the Conversion Agreements, WHI Group, CB, and JAR and the Company agreed to convert the existing Outstanding Debt into unregistered shares of the Company's common stock at a conversion price of $1.04 per share. Pursuant to the terms of the Conversion Agreements, WHIG, on behalf of WHI Group, received 725,022 shares of the Company's common stock, CB received 466,598 shares of the Company's common stock, and JAR received 317,908 shares of the Company's common stock. Each of the parties has made customary representations and warranties in the Conversion Agreements, including, but not limited to, representations on investment intent and financial sophistication.



http://www.sec.gov/Archives/edgar/data/319016/000147793215000095/fzmd_8k.htm
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