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Re: pdgood post# 3468

Friday, 02/04/2011 7:03:07 PM

Friday, February 04, 2011 7:03:07 PM

Post# of 7197
Mixing in a bit of DD every NOW & AGAIN amidst the opinionated &
factless claims would be a good thing...just every now & again.

For example, you write:

Thgey are making the claim that since Whalehaven settled
for shares it's means whalehaven didn't want cash, will hold the
shares and that Whalehaven in doin so believes HLNT will beat NIR
in court.

It's a shame that some can be so deceptive or dumb that
they would believe any of this nonsense. Whalehaven is a Hedge
Fund. Their note gives those they fund the option to pay with
shares at a deep discount. The court would uphold that option but
force HLNT to pay interest and all attorney fees as contained in
Convrt. Notes. Hlnt showed 14k dollars in their bank account so
the cash option was pretty funny to even think about. So HLNT
settled for 105+ million shares valued at 2.5 + times the original
note. I'll be interested to see how many of these are a new
preferred class of shares that convert to common at 1 for 10
.



Even a small, decent, respectable modicum of research would reveal
that the 105 Millions Shares did NOT come from the preferred shares
you have mentioned here. The O/S was raised by PRECISELY THAT
amount shortly before the announcement.

Little more DD PD, just a bit & maybe you'll have some credibility
from which to call others "deceptive or dumb"...otherwise,
it reads like your talking about YOURSELF (to be honest).

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