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Wednesday, December 01, 2010 6:44:41 AM
I do not believe that the company has used their agreement with Dutchess Opportunity Fund, II, other than the 60,000 shares putted in September. From reading the agreement, it is my understanding that the company shall file an 8-K within 4 days disclosing the material terms of a trade. This is identified in Article 14 of the Agreement (link below).
http://sec.gov/Archives/edgar/data/808015/000114090510000065/mits1ex1020.htm
Also there is only 11 million registered shares allocated for the agreement.
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