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quiet

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quiet

Re: None

Wednesday, 11/28/2007 4:06:52 PM

Wednesday, November 28, 2007 4:06:52 PM

Post# of 1334
Anybody been keeping in touch with the TA?

I'd love to understand how this kind of thing (following) is reasonable:

===========
In June 2007, the Company issued 1,833,333 shares of its common stock in exchange for the cancellation of $5,500 of indebtedness due on certain convertible debentures. The company recognized a loss of $397,833 on the conversion.
===========

one of the many similar items on on the 10QSB

At $0.20 isn't that $366,666.60? For 5.5 grand? Couldn't the co just sell $6k into the market? WTF? I've been waiting to see if anyone would comment on those but it doesn't look like its of any concern to folks around here.

It sure will be nice when debts can be paid with revenues.




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