Value Microcaps Motherboard

[abh3vt]

Bob, thanks for relaying the text of your communication with DD. I did have one question about this:

"If ncnc files a financing statement, he said the charges/income changes from the derivative financing will end. This filing is in process and will likely take a month to become official."

I don't think DD is aware that a convertible debt arrangement will carry derivative charges until all shares have been converted into equity and the "debt" is no longer on the books. Also, the company could pay off that CD, but I doubt they are in a financial position to do that. Filing a registration form (if that's what he meant) has nothing to do with these mark-to-market quarterly charges.

At least that's my interpretation of the accounting rules on this....