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Dew

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Dew

Re: scotyler100 post# 6230

Monday, 08/03/2009 8:07:41 PM

Monday, August 03, 2009 8:07:41 PM

Post# of 105534
Maybe my understanding was wrong. Would welcome others thoughts if they truly understand this filing. Here is how Matt at CBAI just explained it to me.

"The registration statement is in connection to the $7.5M in funding we announced 3 weeks ago with the Optimus fund. If you read, its "preferred stock" which is not tradable. The warrant coverage is tradable, but a warrant is only tradable to a funder if the stock goes up. if it goes down, the warrants are worthless."

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