InvestorsHub Logo
Followers 1
Posts 39
Boards Moderated 0
Alias Born 02/04/2001

Re: badrguy post# 3293

Saturday, 02/24/2007 12:53:44 PM

Saturday, February 24, 2007 12:53:44 PM

Post# of 45176
"...alternatively, it sounds like u're saying BDGR suddenly woke-up to the fact that Lanza had already converted a $3.9 million note to common shares?"

badrguy ... impressive, you've actually hit on something accurately ... the operative words in the Co release were:

... in preparing for communication of financial data to its’ audit firm, the Company has determined ...

if it were determined that the notes were in fact fully converted, the 3.9 mil balance previously reported would therefore have to be ... EXTINGUISHED ... you can probably take to the bank that the choice of the term was not a semantical slip ...