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Re: None

Tuesday, 07/21/2009 1:47:06 PM

Tuesday, July 21, 2009 1:47:06 PM

Post# of 56273
This 'investor' who had a $950K note probably had a convertible debenture so he is able to keep getting shares until he has recovered his $950K.

Hard to know how long he has been liquidating his note to the company but that might explain the massive dilution over the past month. Hopefully... yes, hopefully, he started seeking payment (via selling shares) a month ago when the stock price was higher, thus reducing the number of shares it would take to recover his $950K.

IF this is what has been happening, then it makes sense that Dennis withheld the news until this matter was resolved. Regardless of when it happened, let the guy recover his money and then, hopefully, Dennis will get back on tract and release the delayed news!

We are down to 6 MMs on the .0001 Bid...