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Wednesday, January 27, 2016 6:02:42 PM
Aluf Holdings, Inc.
41 mins · Pembroke Pines, FL ·
FUNDING:
We have every reason to believe that we are still on target for acquisition funding and pray there are no unforeseen delays in funding.
In the meantime, we are entertaining a number of term sheets for additional working capital. We are being selective in our decision which will, of course, be based on what's best for the company and it's shareholders.
With regard to the conversions, there are certain convertible notes that matured and the note holders chose to begin conversions. The Company had no choice but to honor its obligations. With major funding we expect to pay off the remaining convertible debt in order to prevent the need for further conversions.
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