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Re: redspeed post# 118075

Thursday, 10/01/2015 8:04:37 AM

Thursday, October 01, 2015 8:04:37 AM

Post# of 130513
Grimes was hired for 'grants' which is a different financial animal altogether than bringing in an IB or a JV Partnership type funding. LPC's SEDA was more in line with smart access to cash than any of the Series Preferred they've employed, especially the notoriously fatal and toxic death spiral Series G, which was a huge gamble against the clock and was floorless. Whoever put together and 'agreed with' the catostrophic Series G deal (SRFF/Bobby Farrell) should be permanently taken out, as the offshore shorts (and peeps in the know) made a killing on the retail shareholder blood:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=117212179

The New Series H with a $2.00/$2.50 convertible strike price, and wrap-around for both Dominion & Discovery have afforded them the ability to avoid BK or a reorg., at the very least to fight another day. However, they will need significant news to break past these financial hurdles in the future. So much for attaining the NAS uplisting (for now). By the way, I recommended Gerald to Dickie Vogel.