Metro One Development, Inc (MTRO)

[charhorse]

Also of interest, from the 8k filed today

On August 27, 2007 Laurus converted the remaining amount due under the Term Note into shares of our common stock and as such the Term Note has been paid in full in advance of its due date of July 14, 2008.

What does this mean you might ask, The lovely early repayment that they released will really be paid off by,

A. The existing shareholders through the dilutive affect of this issuance.
B. The new shareholders who are lucky enough to buy these new shares when they are sold.

If I'm wrong about this please feel free to enlighten me