Friday, June 03, 2011 12:29:16 PM
interesting times we live in. I don't know that I agree with you re 8 new control persons.
The notes could be layered on each other (mitigates risk) to one or more persons.
It just seems that the situation is desperate. they are paying 8% plus almost 25% in finders fee (shares) AND mortgaging the inventory they have on hand. Go back to the K and you will see inventory on hand about 200k to 250k or about 1250 to 1300 units. Unless my memory fail, lol wouldn't be the first time. But where are the 40,000 pieces at. Is that the inventory on order? Did they need this money to buy the inventory? If so why? What happened to the many financing deals announced or intimated via facebook?
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