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Re: rocky301 post# 19278

Tuesday, 07/07/2009 11:22:41 AM

Tuesday, July 07, 2009 11:22:41 AM

Post# of 92948
This, as previously mentioned on this board, shows the depth of their financial stupidity:

Between September 29, 2008 and January 20, 2009, the Company settled certain past due accounts payable by the issuance of shares of its common stock. In aggregate, the Company settled $1,108,673 in accounts payable through the issuance of 260,116,283 shares of its common stock. A loss of $4,695,289 was recorded related to the settlement of this debt during the year ended December 31, 2008 related to the settlement of these payable balances.
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