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Re: ThePennyGuru post# 6625

Saturday, 02/23/2008 6:11:42 PM

Saturday, February 23, 2008 6:11:42 PM

Post# of 69645
ThePennyGuru

I did do some research. There was only 830 million shares paid. You forgot the 2 million in promissory notes. Since the debt obligation is likely somewhere around 85% verses the shares, it is not fair to say that the company was bought with restricted shares.

It looks like the 2 million is shareholder/director etc. loans or loans in which personal guarantees were signed.

What this signifies is that the company is a bleeding pig that cannot and hasn't been showing a profit but instead is bleeding red ink.

The two million represents a bailout of private investors.

Given the Peacock mode of operation, the 2 million in debt will turn into 10 million in free trading unrestricted stock in Section 3(10)a settlements in Sarasota Florida courtroom.

Yea, I did do my research.

Derb

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