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Sunday, 02/22/2015 12:12:59 PM

Sunday, February 22, 2015 12:12:59 PM

Post# of 24449
Regarding NSCT Dilution

Mathematicians had the math to fly to the moon long before the hardware ( rockets available for the journey). In my opinion the same is true of Cipherloc which has a lot of hardware that it can now utilize. I am not promoting investing in NSCT nor am I discouraging investors. The dilution (potentially 1,500,000,000 shares if all convertible shares are converted) repeated referred to on this board is subject to NSCT board approval who has legal issues (responsibilities to common shareholders)to consider when making such a decision. A large portion of this convertible stock is owned by the CEO. ALL SHAREHOLDERS OF SUCH CONVERTIBLE SHARES MUST SEEK APPROVAL TO CONVERT. It may be many many years before all convertible shares are allowed to be converted. I personally see a reverse split as slightly negative to neutral because it makes the aforementioned stock dilution much more attractive. I personally believe there is a possibility the reverse split may not be approved. The above statement is my opinion and not investment advice. A lot of information is available at www.otcmarkets.com. Personally I am happy to own NSCT. Good luck to all in your investments!
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