News Focus
News Focus
Followers 15
Posts 1023
Boards Moderated 0
Alias Born 06/20/2008

Re: EarnestDD post# 65194

Wednesday, 03/24/2010 2:24:08 PM

Wednesday, March 24, 2010 2:24:08 PM

Post# of 68510
WOW !

Haven't looked at this for some time now. There must be a God in Heaven,(or someone somewhere...).

Somehow, I got a good friend and former client from my brkoer days into a "bridgenote" ($25,000)in August of 2008. Terms: 8.0% coupon, paid quarterly, with the IDEA of converting into $1.00/share, 25,000 shares upon finding a reverse-merger canditate. Upon the R/M, he would have received a 1:7 Reverse split, 175,000 shares @ a cost of (I'm guestimating) $.175/share?

LUCKILLY- Client/friend was uncomfortable with the number of changes in the business plan, the consistent delays, etc.
Result: 1 or 2 months after the R/M that took ZENG public, he
bi***ed & moaned enough that he got his $25,000 REFUNDED, AND got paid in full all of the interest in the time they "used" his money.

Now I still have at least one friend...

peb64
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y