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Re: None

Thursday, 06/17/2010 8:19:02 PM

Thursday, June 17, 2010 8:19:02 PM

Post# of 37818
According to the filing there are 500 Million authorized and 103,049,542 common shares outstanding as of April 27, 2010.

The company does have $20 million in debt that is due in October, however, according to the filing, the creditor has been flexible.

The company is supposed to close on an acquisition any day now. Maybe that acquisition will be lucrative enough for them to get favorable terms on the debt. Who knows.

Either way, they do not have 5 Billion authorized.