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Re: Hogan$1 post# 6248

Tuesday, 09/01/2015 4:54:29 PM

Tuesday, September 01, 2015 4:54:29 PM

Post# of 12758
Yes, that means Bob Chance desperately needed $200,000 to pay some bills. Keep in mind the company's current portion of its debt (due and payable in 365 days) is $10.3 million and its current portion of its assets is only $1.1 million. They owe $9.2 million more than they have. $200,000 is only the $0.2 part of the $9.2 million.

Not much to cheer about.

Also, tomorrow is the last day for the registrant to cure the default on a portion of its notes.

Since the note holders cannot convert and sell stock due to the lack of current public information, it is possible in 48 hours they could be preparing to file complaints in court to petition the court to enforce the remedy covenants in the notes.

Where is the amended 10Q?

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