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Thursday, July 31, 2008 10:48:35 PM
, new shares of its convertible preferred stock and a warrant to purchase the Company's common stock. In particular, the terms of the offer are that for every 100 shares of common stock offered back to the Company, shareholders will receive one share of convertible preferred stock valued at $1.00 for future conversion purposes and a warrant to purchase one share of the Company's common stock with an exercise price of $.05 per share.
This is just my Opinion !
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