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Re: Probart post# 123820

Friday, 02/26/2010 2:59:17 PM

Friday, February 26, 2010 2:59:17 PM

Post# of 173833
FTER..

It's shares are like icebergs,, all hidden below the surface.. All that can convert say never and they appear on a regular basis.. The IHUB board on FTER is novice and help each other increase thier zeal to own.. On the last run to $0.23 I had a nice position that ran to $0.23 from $0.10 and back to $0.10 almost as quick.. 2 Mil shares appeared from one of those that would never convert and they just did a private placement of over 1 Mil. at somewheres around $0.10.. The guy that runs it is ex. Bear Stearns or Lehman and I had a nice conversation with him..

The company owes him $200K plus and last year the Company tried to covert debt at $0.04 or $0.05 and the debtholders turned it down.. Converting his 200K to stock would create over 20 Mil. shares at this level.. The shares that could be converted would create 4 to 5X as many shares as outstanding.. It's almost like a Barrons deal but insiders and others as the debtors.. This is all from memory so do check out the facts if you want to invest.. hank
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