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Re: carl12341234 post# 20317

Friday, 07/02/2010 6:35:22 AM

Friday, July 02, 2010 6:35:22 AM

Post# of 35151
Everyone is screaming that they are getting ready to dump 180M shares into the market through the new capital agreement. That was a preliminary prospectus.

The most current SEC filing is a RESALE, and I was merely listing the table in my prior post. The 5M shares are being transferred through a variety of warrants and currently issued common stock, not a dilutive transaction.

The preliminary prospectus still looms, but at this point, there is no indication that they have begun selling those shares to Southridge. Even so, it appears that even that prospectus indicates RESALE.

One other important point:

The Pequot Funds invested an additional $1,300,000 into the Company, with post restructuring holdings of 131,097,456 shares of Common Stock and warrants to purchase 131,097,456 shares of Common Stock at $0.025 per share.



Anyone see anything of interest in here? How about a 150% return on your money.

Even if it goes sub-penny for another quarter, 3Q and 4Q financials are what is going to be King here. I remain hopeful, borderline confident, that CHEESE exists in these quarterlies.
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