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Re: RedShoulder post# 28870

Wednesday, 07/11/2007 11:57:14 AM

Wednesday, July 11, 2007 11:57:14 AM

Post# of 44006
What about the $2,000,000 owed to John Bitters?

Can we be sure that none of the shares privately placed won't be death spiral?


Hawk..how do you reconcile the fact that CB's preferred shares will effectively give him aro 35% of the company if he converts. I have read on the msg board that he can sell only 1% every 90 days..I am not sure if the facts mean sell, but convert..However, even un-converted they will/could be considered in the fully diluted shares..

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