DD Support Board and Research Team

[namtae]

Two examples this year

Pbio, carried appx $3m in toxic paper over a number of years.. none of which converted at terms in the finance agreement. Instead, additional loans were obtained to pay off previous loans before conversion. Subsequently, a $6m clean financing closed earlier this year of which proceeds were earmarked to pay down 100% all outstanding toxic paper and a contingency forbidding entering into such financing agreements in the future.

Vsul, shares recently driven down due to toxic $$, from close to $10/sh a few months ago to 60 cents recently. In Aug a straight equity funding closed which paid off all toxic paper.

These two companies may or may not become multibillion dollar companies but they both were in the clutches of toxic paper and came through it to live another day by having it removed