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Monday, August 10, 2009 12:52:21 PM
As a result of the sale of this additional note, at July 15, 2008, we have an aggregate of $5,467,168 of callable secured convertible notes outstanding, which may hinder our ability to raise additional debt or equity capital. In addition, we have granted a security interest in substantially all of our assets to the holders of the notes. If we were required to repay all or a portion of the outstanding balance of the notes in cash due to the occurrence of an event of default, we would be required to raise additional
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