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Post# of 28328
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Re: scion post# 16228

Thursday, 04/01/2010 9:19:14 AM

Thursday, April 01, 2010 9:19:14 AM

Post# of 28328


During the twelve months ended December 31, 2009, there was $8,816,714 received from the sale of company securities. This amount included cash and the conversion of debt (related to the purchase of PakIt, LLC). In 2009 cash proceeds were utilized to pay bank and other interest bearing debts, pay deposits on new equipment, and pay for operating expenses.




So basically, every day, 7 days a week, 365 days in all, this company diluted for $24,155.00. Every day, even Saturday and Sunday, they needed another twenty-four thousand dollars. Awesome, where do I sign up? 'Cause what i'm doing, ain't paying nearly that well, not 1000.00 per hour, 24 hours a day EVERY DAY.

I mean, I expect that kind of crap from a sub-penny stock, but who would want to buy a stock for several dollars a share, KNOWING, that every hour, they are diluting another thousand dollars worth, every hour, your "investment" depreciates while someone lines their pockets.

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