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Re: None

Friday, 09/23/2011 1:11:53 AM

Friday, September 23, 2011 1:11:53 AM

Post# of 20669
NEWS! There are "approximately 5" note holders. Did Gary lose count and has to say "approximately."

"During the year ended March 31, 2011, the Company issued an aggregate of 121,852,720 shares of its common stock to approximately five note holders pursuant to the conversion of Convertible Debentures. As a result of the conversions the Company reduced its outstanding convertible notes payable balance by $79,250."

In the same filing Gary says that INOL may have to cut back on development because of lack of funds and 3 or 4 lines away says INOL does no research and development.

If Finra or the SEC ever takes the time to actually read most any of Garys filings I'm guessing there will be more amended filings or trading will be halted. Time will tell.
Oh wait, this is one of the amended filings.