InvestorsHub Logo
Followers 2
Posts 325
Boards Moderated 0
Alias Born 05/30/2006

Re: xyz1002 post# 97444

Friday, 11/16/2007 3:58:49 PM

Friday, November 16, 2007 3:58:49 PM

Post# of 245723
So is it plausible to think maybe there is something in the contract of these debentures that says "there is either a huge….huge….huge.. pre-pay penalty"…..which it would have to be huge if we are just talking about what I think is the Remaining balance of CD's of Cornell (around $470,000) or the contract says "only paid back through issuance of shares" ….Because to me if there is around $470,000 left of debentures and there is a possibility that the conversion rate is .001, that’s around another 470,000,000 million shares increased in our O/S. If you can get a LOC to pay off that $470,000, it makes a lot more since to do that NOW…rather than dilute the stock anymore.

Is what I’m trying to say making any since?