Sunday, September 27, 2015 8:19:28 AM
From what the financial statements have shown, the CD holders did not lend the company any cash. It looks more like it was supposed to be payment for some kind of 'consulting services' to the company, but there is no indications that anything of value was done for those services, since sales are still zero.
I think the CD holders, while they would like to convert the remaining 140K to shares that they will sell immediately, I think they already got enough from prior conversions that they are still ahead and can 'let it go'.
The reverse split was supposed to take place in August and now here it is, almost October, and nothing is happening;no reverse split, not 10Q report, the web site is dead.
I think it is 'all over' for the company.
Louis J. Desy Jr.
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