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Re: MASTERTRADER post# 8477

Wednesday, 10/21/2015 1:05:30 PM

Wednesday, October 21, 2015 1:05:30 PM

Post# of 12758
I believe the toxic note portion is $1.4 million as of June 30, 2015, with conversions at 40% discount to the lowest trade in the last 25 days. With the stock bouncing up and down with lows in the $0.016 range, that is well over 100 million of shares to be converted. The stock has not traded that volume in aggregate from July 1 to today.

Then, add the new $250,000 August note that comes due early next year. What else is Bob living on? When is the new note sold to pay bills with $3 million in negative operating cash flow?

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