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Re: pennyprince2010 post# 62659

Thursday, 04/26/2012 9:40:22 AM

Thursday, April 26, 2012 9:40:22 AM

Post# of 141747
PRs? Really? Wow! Yeah I am going to have to say that is incorrect, in fact the filings say differently here, they omit actual dollar value but do in fact disclose an over due debt:

The Company has a note receivable from an unrelated third party accruing interest at 20%. This note is past due.



What is really interesting is you do not achieve $9 million in deficit without accruing debt on a toxic finance company like this. Short term finance is all they have here, TOXIC DEBT CONVERSION is the only option available and as such means each time a debt is incurred a note, debt or warrant is issued to pay such debts.


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