Finjan Holdings Inc (FNJN)

[Ecomike]

BOSTON, Nov. 30, 2011 (GLOBE NEWSWIRE) -- Converted Organics Inc. (OTCBB:COIND), a leading manufacturer of organic liquid fertilizers, and the operator of three lines of business involving converting organic wastes to fertilizer, recycling industrial waste waters, and vertical farming, provided an update on its senior convertible note.

The aggregate unpaid principal balance of the note, originally $3.8 million as of October 1, 2011, has declined to $2.9 million as of November 28, 2011. To date, the total of $900,000 in principal has been converted into 28 million common shares.

"We are pleased to report the status of the reduction in the principal amount of the convertible debt," said Edward Gildea, President of Converted Organics Inc. "The proceeds raised under this note allowed us to finance our operations and invest in the development of the TerraSphere vertical farming business. Retiring the convertible note is an important step in positioning the company for additional transactions. In addition, we plan on returning some value to our shareholders through the planned spin off of a portion of the TerraSphere business to our shareholders in the future."

.0001 by Christmas for sure!!!! Then a 1000: R/S for a new year, LOL! No sane person would by this junk at this price!!!