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Tuesday, March 03, 2015 12:30:23 PM
Reverse Split: Even though there are now almost 1.5 billion shares outstanding, our Board of Directors, for at least the period ending March 31, 2015, and most likely also for the period ending June 30, 2015, will not authorize any reverse split of our common shares. The matter of the quantity of shares issued and outstanding remains a concern to all of us; however, until we have either eliminated or significantly reduced the amount of debt on our balance sheet, which will limit the risk of debt holder conversions driving down the market price of the stock after the reverse, we won't consider any reverse split.
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