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Re: wobblenuts post# 620

Friday, 05/07/2010 1:06:58 PM

Friday, May 07, 2010 1:06:58 PM

Post# of 6835
I called the TA - they wouldn't tell me the OS, This nice girl answering the phone apparently had a big burly guy behind her that if she she so much as peeped he'd have to silence her.

here's the 4/6/10 8-k that put the ankle braclet on CSKH

On May 8, 2009, July 28, 2009, September 16, 2009, January 6, 2010 and January 22, 2010, Clear Skies Solar, Inc. (the “Company”) issued convertible promissory notes in the aggregate principal amount of $1,302,000 (collectively, the “Notes”) and warrants to purchase an aggregate of 18,190,654 shares of the Company’s common stock (collectively, the “Warrants”). See the Company’s Current Reports on Form 8-K filed on May 13, 2009, August 3, 2009, September 21, 2009, January 12, 2010 and January 27, 2010 for a detailed description of these issuances. Pursuant to certain anti-dilution provisions in the Notes and the Warrants, the conversion price of the Notes and the exercise price of the Warrants have been reduced to $0.06 per share as of April 1, 2010. Notes with an aggregate principal amount of $758,000 and Warrants to purchase an aggregate of 8,665,555 shares of common stock are still outstanding. These Notes and Warrants, which were convertible into 8,808,413 and 8,665,555 shares of common stock, respectively, are now convertible into 12,633,333 and 12,440,475 shares of common stock, respectively.

So since 4/1/10 we have the weight of 25M shares that need to be absorbed. Are we there yet?

25M at .06 is $1.5M





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