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Cast Iron

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Cast Iron

Re: Cassandra post# 6331

Friday, 09/17/2010 6:53:07 AM

Friday, September 17, 2010 6:53:07 AM

Post# of 23523
Cassandra : You have cleared up, how SSPT raised money the last months, and killed all the shareholders !

SSPT bought GM for $5 million in SSPT common stock and assumed all of GM's substantial debts



What SSPT " probably" did was that they used GM substatial debt for Debt Conversion !

Under Rule 144 they are allowed through a " third Party" to issue Free Trading shares for any debt over 1 year.

And the price they converted ? 0.0001c when it was trading much higher

Hence : The increase in Authorised and the massive daily volume.

They made themselves a fortune at the expense of all the bagholders


All IMHO
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