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Village man

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Village man

Re: Lenard post# 135

Thursday, 12/24/2015 10:03:43 AM

Thursday, December 24, 2015 10:03:43 AM

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The convertible debt holders can start converting at a 40% discount to the then market, 180 days from issue date, which it looks to be December 3rd.

So June 3rd at the earliest, plus accruing interest at 12% in the meantime that can also be converted into shares at the 40% discounted rate from what it looks like.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11059177

Most of these convertible debt deals end badly for shareholders.
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