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diy_investor

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Re: ponzi_implosion post# 7719

Friday, 09/30/2011 11:26:36 AM

Friday, September 30, 2011 11:26:36 AM

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ponzi_implosion,

Here is a filed statement indicating that shares associated with the warrant is restricted. It is from the company's recent 10-K.

During the fiscal year ended June 30, 2011, the Company sold 3,712,500 shares for cash at an average price of $.10 a share. The Company also issued 5,300,000 shares for services with a total value of $954,000; 500,000 shares for warrants with a total value of $24,000; and 100,000 shares for demonstration equipment with a total value of $58,585. These shares are restricted pursuant to SEC Rule 144.

http://sec.gov/Archives/edgar/data/1089319/000112178111000277/fsnr_10k.htm
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