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Re: scuba2223 post# 7476

Thursday, 08/19/2010 4:50:11 PM

Thursday, August 19, 2010 4:50:11 PM

Post# of 17111
If I understand this correctly the R/S is going to happen if the company gets the 20 million in financing. Mr. Sams will also be entitled to an incentive option grant, representing not less than 6.5% of the fully diluted shares at the time of capitalization, issuable upon the completion of the Company’s contemplated reverse stock split, conversion of preferred stock, and approximately $20 million financing. Scuba I bought those shares you sold at .0001. (how much loss did you have to sale them to me) My plan is that if they get the financing to sell Half my load at .0003 and leave the rest long for a rainy day.

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