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Post# of 30387
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Gold Seeker

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Alias Born 04/30/2006

Gold Seeker

Re: Gold Seeker post# 29836

Friday, 05/11/2012 1:29:56 PM

Friday, May 11, 2012 1:29:56 PM

Post# of 30387
When is Moro going to "fess up" and file an 8K about the changing of terms on the Smithline loan? Dropping the conversion rate from 14 cents a share to the same terms as the Asher Enterprises loan is CERTAINLY a material event. Smithline is now able to convert his note on "death spiral" terms of the lowest 5 day average in the past 10 business days.

Smithlines rate of conversion has dropped from 14 cents per share to the current 58% discounted level of .005162 per share.

Moro's inaction to report a material event is certainly a violation of SEC laws.

I have never shorted nor intend to have any financial interest in this stock. I am not connected with anyone who trades, shorts or has financial interests in this stock. I only post facts and my opinions. I do not post on IHUB with different aliases.

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