Wellstar International (WLSI)

[Tommy105]

I thought dilution was not NEW news to WLSI after the 3.4 billion convertible shares announced in the 8K on 03/09/10.
Did JMJ put on some limitation for dilution as a part of its investment?
Are there other dilution actions going on?
Is there any restriction for WLSI on dilution?
If WLSI keep playing the dilution and RS game, we all lose!!!

As of March 15, 2010, the lowest trade for our common stock during the 20 trading days as reported on the Over-The-Counter Bulletin Board was $.0014 and, therefore, the conversion price for the JMJ Notes was $.00049. Based on this conversion price, the JMJ Notes in the aggregate amount of approximately $1,650,000, excluding interest, are convertible into 3.4 billion shares of our common stock.

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