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Re: None

Monday, 06/13/2011 7:59:11 AM

Monday, June 13, 2011 7:59:11 AM

Post# of 34897
I am not getting the same message some of the board is getting out of this last PR. It is not said FLTT will give Kodiak 50 million shares for 15 million dollars. It says this:Flint Telecom's agreement with Kodiak Capital Partners LLC ("Kodiak") contemplates the potential future issuance and sale of up to $15,000,000 of its common stock to Kodiak. And a line, is a line of credit that FLTT can draw on for the next 2 years, FLTT is starting off with setting back 50 million shares, at the market price now, would be 49,000. And it is mentioned later in the PR that: However, it must be noted that the Company will still need to issue new shares in order to draw funds from Kodiak, so FLTT will have to keep adding new shares as they keeping borrowing money from their line of credit, but FLTT at least has a financing deal to keep them moving forward