Mobilepro Corp (fka MOBL)

[zgoldies2]

crashman, yes, me of all people, and what about
"the commencing share sale next week"? Uh, doubt there will be one, for starters. Perhaps you missed this part of the filing, so here is part of it, fwiw:

We Do Not Have Enough Registered Shares to Cover the Scheduled Debenture Payments with Our Common Stock


To date, Cornell Capital has been a significant source of capital for the Company, providing financing in several forms. Most recently, the Company has borrowed funds under a series of convertible debentures. The total amount owed to Cornell Capital under the debentures at March 31, 2007 was $18,149,650. Using shares of its common stock registered on Form S-3 in November 2006, the Company made principal and interest payments on the debentures that totaled $4,880,489 during the fiscal year ended March 31, 2007, and that totaled $1,967,908 from April 2007 through May 2007. However, the supply of shares registered for Cornell Capital’s benefit related to the convertible debentures has been exhausted. Cornell Capital has agreed to delay additional installment payments until January 2008 when the Company will be obligated to make total weekly principal payments of $375,000 plus accrued interest.