Wednesday, February 16, 2011 2:07:01 PM
"In September, 2010 the Company agreed with a third party non-affiliate to an 8% interest bearing convertible debenture for $53,000 due in NINE months. The balance can be paid off in full or can be converted into shares on or after March 26, 2011 at an average price computed on the 30 days prior to conversion."..... Clrification from doc itself: he note can only be converted into tranches of no more that 0.0499% at any one time , upon being mutually agreed bewteen company and lender, not to be unreasonably withheld, at any point from due date through June 20, 2011, a minimum of 15 days apart, at which point it is due in full. It is RTG's intent to pay it off in full in cash and not provide any shares.
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