CIRT,maybe with lottery money only, esp. due to this-Under the Amended Equity Line Agreement, we have the right to draw up to $5,000,000 from "Cornell" against an equity line of credit (the "Equity Line"), and to put to Cornell shares of our common stock in lieu of repayment of the draw. ""The number of shares to be issued is determined by dividing the amount of the draw by the lowest closing bid price of our common stock over the five trading days after the advance notice is tendered."" Cornell is required under the Amended Equity Line Agreement to tender the funds requested by us within two trading days after the five-trading-day period used to determine the market price.
Our issuances of shares of our common stock pursuant to the Amended Equity Line Agreement will serve to dilute the value of our common stock and existing shareholders' positions.
Cornell Capital and Convertible Debentures are caveat emptor, IMHO
This is not a reco to buy! Please do your DD!
