InvestorsHub Logo
Followers 278
Posts 12043
Boards Moderated 10
Alias Born 02/09/2003

Re: cleverrox post# 1411

Monday, 12/12/2011 11:05:25 PM

Monday, December 12, 2011 11:05:25 PM

Post# of 1557
The actual dilution will likely be much greater as the conversion price of the debentures is "subject to adjustment." Such adjustments are typically made to reduce the conversion price to below the lowest market trade or at least to below the market price on the date of conversion.

To amend the Debentures with the following terms:
(i) Conversion Price of $0.06 per share, subject to adjustment therein;


http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8279827