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Re: tom favata post# 17017

Tuesday, 06/05/2012 9:26:44 AM

Tuesday, June 05, 2012 9:26:44 AM

Post# of 23971
how is this possible?

On February 7, 2011 Tom Favata converted $10,875 of his $100,000 Note into 7,250,000 shares. A conversion ratio of $.0015/share was used. NHSH was trading at $.59/share on February 7, 2011. At the time of conversion those 7,250,000 shares were worth $4,277,500.



That left Tom Favata with a balance of $89,225 remaining on his half of the debt Note.


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