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JimC1997

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JimC1997

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Re: philozarton post# 22973

Monday, 12/30/2002 4:07:45 PM

Monday, December 30, 2002 4:07:45 PM

Post# of 93824
No, he is not correct. The debt was secured and consequently the debt holders could have effectively taken control of the company upon a repayment demand. They did not do so, nor did they force the company to sell all of its remaining registered shares in order to repay them.

I would disregard anything posted by seedieca. He is clearly just another basher and an honest discussion is not his objective here.

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