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Re: toronto416 post# 12261

Thursday, 06/16/2011 5:31:30 PM

Thursday, June 16, 2011 5:31:30 PM

Post# of 34897
FLTT is paying off the line of credit with Kodiak, with shares at a 5% discount to the market price. FLTT already gave Kodiak 50 million shares,for the money they borrowed and when FLTT buys 3 more companies up, they will have to pay with shares, Kodiak is not giving them 15 million dollars for 50 million shares. Kodiak already owns 29% of all the shares, they will own the company if FLTT continues to borrow money from the line, and pays them in shares.