InvestorsHub Logo
Followers 10
Posts 4153
Boards Moderated 2
Alias Born 03/10/2005

Re: gedi8 post# 19730

Thursday, 08/24/2006 11:46:54 AM

Thursday, August 24, 2006 11:46:54 AM

Post# of 53986
So this "buyback" of shares is done with credit.

"On August 21, 2006, the Company acquired 1,421,897 Pf B Shares from Robert
Brehm and his company, Intercontinental Assets Corp., in exchange for a
convertible note in the principal amount of $250,000. The note bears interest at
10% per annum and provides for payments of $5,000 per month beginning October 21, 2006, with a balloon payment due on August 30, 2007."

It seems like a precurser or forshadowing of expected revenues.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.