Monday, December 20, 2010 5:46:21 PM
"The Holder is entitled, at its option, to convert the principal amount of this Note or part thereof in excess of $25,000 at any time into shares of Common Stock of the Issuer at the rate of a price share equal to 80% of the market price of such stock at the time of conversion or $0.10 per share whichever is greater."
ISONGO, through its principal officers, advanced $200,000 to the Company. This is enough to finance all operations, including on site testing and deployment. This is the lifeline that we have desperately sought. Look for testing of the company's products on a scale unimaginable a few weeks ago.
Pay special attention to the conversion price - AT LEAST 10 CENTS! That means that ISONGO advances 200 grand and is so confident of its success in Africa that it is willing to agree to a strike price greater than 5x the price at the time of agreement. Do you think they have any doubt about their own ability to sell or the ability of the products they will be selling? Like I told you -
THE SOUTH AFRICANS ARE LEGIT!
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