Friday, June 02, 2006 11:22:18 PM
The toxic financing we entered into with GGI was filed on 11/11/04 BUT THE SB2 WAS NOT APPROVED BY THE SEC until 9/12/05 at which time our EOD pps was .002.
In other words since our actual financing was approved and any debentures were issued to GGI (have no idea when they may have cashed in the 1st ones) our pps has INCREASED by over 200% even at this current rediculously low amount.
I am not going to bother to see if your figures are faulty with the other companies. Those do not concern me. But, financing by companies like GGI is done when companies are struggling and can not otherwise find someone with deep pockets to bail them out.
Just one further question, how many of these 10 companies would still be in business if it were not for GGI?
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