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Re: tinker13 post# 10546

Saturday, 04/03/2010 4:58:55 PM

Saturday, April 03, 2010 4:58:55 PM

Post# of 14712
After reading this a little closer
The Restructured Notes are convertible into common stock, upon the Company increasing its authorized shares of common stock to 1,500,000,000, at Triumph's option, at the lesser of (i) $0.005 or (ii) a 50% discount to the average of the three lowest trading prices of the common stock during the 20 trading day period prior to conversion. Triumph has agreed to restrict its ability to convert the Restructured Notes and receive shares of common stock such that the number of shares of common stock held by it in the aggregate and its affiliates after such conversion or exercise does not exceed 4.99% of the then issued and outstanding shares of common stock

If Triumph can not own more than 4.99% of outstanding shares then they can only convert 74,850,000 at a time. They HAVE to sell to continue converting to get their money back. Again...JMHO

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