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Re: tealeaflarry post# 73999

Thursday, 07/12/2012 3:49:58 PM

Thursday, July 12, 2012 3:49:58 PM

Post# of 232508
He exchange over $300K of debt for 25M Preferred Shares (they are covertable at 25:1).

This brought the company to a zero debt status.

A much better play for those share to go to the CEO than some outside finaincing company.

This was a good move for the company and the shareholder.