News Focus
News Focus
Followers 88
Posts 8624
Boards Moderated 3
Alias Born 06/08/2006

Re: sabre3 post# 1648

Saturday, 02/09/2008 11:57:16 PM

Saturday, February 09, 2008 11:57:16 PM

Post# of 1797
Look at it this way (from their 10Q):

As of October 8, 2007, the average of the three lowest intraday trading prices for our common stock during the preceding 20 trading days as reported on the Over the Counter Bulletin Board was $.0001 and, therefore, the conversion price for the secured convertible notes was $.000025 at 25% or $.00002 at 20%. Based on this conversion price, the $5,693,667 in secured convertible notes remaining, excluding interest, would convert into 227,746,680,000 shares of our common stock.



Corey Ribotsky Downward Spiral NIR Group AJW board has moved to the NIR Board which is available for FREE users as well as paid subscribers. Bookmark the NIR Board to discuss: http://investorshub.advfn.com/boards/board.asp?board_id=11792

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today