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Alias Born | 09/27/2009 |
Wednesday, February 03, 2010 10:26:55 AM
from Dec. 16, 2009
"As part of the recapitalization of the Company, the debt holders have agreed to convert $1,410,000 of debt into convertible preferred stock ("Series A"). The same note holders exchanged $309,000 of debt due December 31, 2009 for $309,000 of convertible notes due February 12, 2010. The Company is still in negotiations to convert the remaining debt into equity."
http://finance.yahoo.com/news/Update-Options-Media-Group-iw-466844466.html?x=0&.v=1
P.S.
The selling will soon, VERY soon, IMHO, be over & done with.
We have been having a great volume. The converted shares will have been absorbed soon,
and PRs with a succesful marketing campaigns will start being announced in the near future. IMHO
GLTA
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