MEDirect Latino Inc (fka MLTO)

[dickmilde]

What he is saying is that the lender has an agreement that he can convert the loan into common shares with an effective share price equal to the lowest share price conversion that takes place after the loan is effective. This is a common form of "protection" for lenders. Since Towsley and Talarico converted at .0001 that makes for a HUGE number of shares that are available to the lenders.

I haven't read the loan details but this appears to be the case.

Dick Milde