This is a Compilation report, not audited statements accepted by the SEC. The CPA firm has not audited these statements. They do no sampling of Tivu's records to their accuracy. They just take the numbers and information Tivus gives them and puts them in report form. These records are only based on Shiva's word. Nice summary of convert. IMO, I would say in the long term, they will issue more and more shares up and beyond what is currently authorized. More 2011 convert. notes from 2011 appropriate for annual reports. They need to let shareholders know whenever this happens, IMO. GLTA
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