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Re: microgecko post# 21203

Tuesday, 03/18/2008 1:33:39 PM

Tuesday, March 18, 2008 1:33:39 PM

Post# of 34805
The run up to .029 resulted before we knew the extent of the indebtedness we were faced with.

In fact, one poster posted that the CFO told him all debt would be discharged by the bankruptcy.

Well, $1,500,000 of debt was discharged. The rest we have been seeing as being "discharged" by dilution.

A lot of pumping, of which in my ignorance, played a minor role, took place because there were a relatively small os, for a penny stock, and small debt.

The rest is history. It will take revenues of no small amount to offset the threat of dilution. But I believe it is possible. It will take more time than what most are willing to give it.
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