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Re: interstate post# 31190

Thursday, 04/14/2011 10:11:54 AM

Thursday, April 14, 2011 10:11:54 AM

Post# of 92948
interstate,


Look at it as an available credit line. We started with $25MM. We have used $4MM so we have $21MM available to us if needed. As always, ACT receives monies and in return we issue shares. Also of note per conversation with Rabin a while back, we could not at this time convert all of the remaining $21MM at once as we do not have the shares to do so, at least not at the current pps. Optimus was set up the same using Series B shares.
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