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Re: Haiku post# 1395

Wednesday, 09/23/2015 1:57:36 PM

Wednesday, September 23, 2015 1:57:36 PM

Post# of 26145
Interesting, the debt holders are NOT AFFILIATED WITH THE COMPANY, SO HOW IS THAT EVEN POSSIBLE? Have you read the history of the debt? It is privately held, NOT AFFILATED WITH INSIDERS and was only $348,000, now has been partially converted at .0025 a share, valued at close to $10 millions.

CONVERTION rate of .0025 a share IS TOXIC DEBT, I don't care how they put it on the books. TOXIC DEBT STEALS EQUITY FROM INVESTORS AND SHAREHOLDERS!!!

All the equity investment is being stripped from investors.

THE COMPANY HAS NO ASSETS, NO REVENUES!

Look at the proposed deal.....$35 million in real estate, generating ONLY $4.75M in revenue. There is NO WAY A COMPANY CAN SUPPORT THE DEBT OF $35 MILLION.