Finjan Holdings Inc (FNJN)

[Ecomike]

And bad news at that. Losses are going up not down, and more share dilution to force debt onto stockholders:

Converted Organics Announces 2011 Year-to-Date and Third Quarter Financial Results; Schedules Shareholder Conference Call

Shareholder Conference Call to be Held on Tuesday, November 22, 2011 at 10 AM EST

BOSTON, Nov. 17, 2011 (GLOBE NEWSWIRE) -- Converted Organics Inc. (OTCBB:COIND) announced today that it had sales for the three months ended September 30, 2011 of $687,659 and a loss for the three months of $5,995,799 compared to sales of $808,582 and a loss of $3,229,402 for the same quarter last year. For the nine months ended September 30, 2011 the Company reported sales of $2,806,545 and a loss of $9,111,381 compared to sales of $2,765,641 and a loss of $8,908,117 for the same period last year. The loss generated in the quarter ended September 30, 2011 is primarily attributable to losses on debt and equity transactions. Further detail is available in the Company's Form 10-Q which was filed on November 14, 2011 and will be discussed during the Company's shareholder conference call which is scheduled for Tuesday, November 22, 2011 at 10:00 AM EST.

"The results for the first three quarters of 2011 show increased sales and improved operating margins. Nevertheless, our progress in developing our businesses is far slower than we expected. We are completing the restructuring process, which we began in 2010; we are reducing our debt through conversions of shares of common stock; we completed a reverse stock split; we are trying to attract additional investment; and we are continuing to try to grow through acquisitions and other transactions." said Edward Gildea, president of Converted Organics.

Converted Organics has scheduled a conference call on Tuesday, November 22, 2011 at 10:00 AM EST to update shareholders on recent business developments and discuss the Company's results for the quarter ended September 30, 2011.

Shareholders who wish to participate in the conference call may telephone [phone] from the U.S. and Canada or [phone] from international locations. The call will also be broadcasted simultaneously via a live webcast on the Company's website at http://ir.convertedorganics.com/events.cfm and clicking on 'Listen to Webcast'. A recording will remain available on the website after the call ends.