InvestorsHub Logo
Followers 55
Posts 4923
Boards Moderated 0
Alias Born 04/18/2012

Re: lmcat post# 17543

Thursday, 09/06/2012 5:11:17 PM

Thursday, September 06, 2012 5:11:17 PM

Post# of 62039
"And someone thinks we ought to be worried about some notes that are not even due until 2013."

In all actuality the notes can be converted 180 days after they're issued. Asher can convert now! I think that's a very important fact.

"The holder of shall have the right from time to time, and at any time during the period beginning on the date which is
one hundred eighty (180) days following the date of the Convertible Promissory Note and ending on the later of: (i) the
Maturity Date and (ii) the date of payment of the Default Amount, to convert all or any part of the outstanding and
unpaid principal amount of this Convertible Note into shares of the Company’s Common Stock at a conversion price
representing a discount rate of 42% of the then going Market Price which shall be defined as the average of the lowest
three (3) Trading Prices for the Company’s Common Stock during the ten (10) Trading Day period ending one Trading
Day prior to the date the Conversion Notice is sent by the holder of this Convertible Note to the Company
."

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.