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Tuesday, April 01, 2008 10:14:51 AM
Can TS pay this off in cash if he so desires?
In addition, the Company assumed other indebtedness of $1,117,719, of which approximately $150,000 remains outstanding. The remaining debenture accrues interest at 10% per annum and is convertible at the lesser of $0.015 or 85% of the lowest closing bid price of the Company's common stock during the 10 trading days immediately preceding the conversion date.
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