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Saturday, March 26, 2011 9:22:27 AM
Would some one please link, post, or PM me information Regarding this single investor. I am quite sure someone here knows, but I could be mistaken......wouldn't be my first.
(i) Between October 23 and November 17, 2009, the Company sold its 8% Series A Convertible Redeemable Debentures in the aggregate principal amount of $172,000. In addition, the Company issued 48,000,000 shares of its Common Stock as security for the repayment of the Debentures. The Debentures and the shares of Common Stock were issued to a single investor in the State of Wisconsin pursuant to Regulation D Rule 504. If and when the shares of Common Stock are issued pursuant to the conversion rights under the Debentures, the shares will be free-traded.
Thanks in advance.
KATX/BVIG/KATG
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