Innovative Food Holdings Inc (IVFH): LAKINGSPHAN There are convertible notes...

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Innovative Food Holdings Inc (IVFH)

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Re: lakingsphan0427 post# 4615

Monday, 05/15/2006 6:19:56 AM

Monday, May 15, 2006 6:19:56 AM

LAKINGSPHAN
There are convertible notes. As Of august the total notes that have a convertible option were approx 700k. These notes may be payed in cash or by shares at a discount the current market price at the "option of the company. Since August IVFH Has made all monthly note payments in cash and issued no shares
in connection with these notes. These note payments are due until Aug. 2007. Keep in mind half of this total debt was used to loan Pasta Italiana 350k US dollars to go towards the soon to be aquisition

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