Safeplus International Holdings Ltd (ACAI)

[palacian]

sunspotter(voldemort2001), you are longer winded than all
the 2008 hurricanes.

when was it you spoke to ms hotchkiss?

take your three grandiose summaries for the improvement
of stockholder value, they are worthless and at best
in the wrong order.

the conversion for cash is not a simple money instead
of shares. from the forebearence:

On October 3, 2007, we entered into Amendment No. 1 to the Securities Purchase Agreement, Senior Secured Convertible Notes, Warrants and Security Agreement with the independent private investors. Pursuant to the Amendment, we agreed to amend the Notes to provide that even if the we elect to make a monthly installment payment in cash, the holder will have the right to convert any portion of the Note into common stock of the Company and apply the number of shares the holder would have received had we elected to make payment in common stock. In addition, the Conversion Price was reduced to $0.15. The Amendment also amended the warrants to reduce the exercise prices of the various warrants to $0.23. In exchange for the foregoing, the investors released certain intellectual property for the Security Agreement, allowing the Company to transfer and sell such intellectual property. Further, in the Amendment, we agreed to certain spending covenants in connection with the proceeds we will receive from the sale of the intellectual property under the Intellectual Property Assignment Agreement dated as of August 6, 2007 by and between Biophan and Medtronic, Inc. As of October 22, 2007 an aggregate of $5,287,756 in principal was outstanding with respect to these Notes.