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Re: Vector93 post# 20208

Wednesday, 01/27/2016 3:32:56 PM

Wednesday, January 27, 2016 3:32:56 PM

Post# of 30672
so lets say on that September there is 3.8 million$ of convertibles, then he added another 30 million shares on the 22nd December
lets assume that the 3.8 million from September is half gone threw the lender selling , then there is at least 1.9 million in debt left over and then minus the 5 million loan they are left with approx. 3 million $ , now why did they need the money from toxic lenders if they are cash flow positive ? expansion , and the loan might be a great thing but doesn't mean its that great because im thiking that they only lent them the money on collateral which they did , against his house and prob some of the equipment I guess that's a good thing , did they say what the money was for ? and they also right before the loan , raised the A/S didn't understand why anybody ?

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