InvestorsHub Logo
Followers 27
Posts 1200
Boards Moderated 0
Alias Born 01/05/2011

Re: lmcat post# 2060

Wednesday, 09/12/2012 2:34:49 PM

Wednesday, September 12, 2012 2:34:49 PM

Post# of 52856
False misleading statements like "we aren't using toxic financing", which good ole J. Rod at SIRGE said?

The terms of the SIRGE notes are 42% of the lowest 3 trading prices of the previous 10 trading days, and they can convert as early as 180 days after the note is issued. I would call that VERY TOXIC! Now SIRGE doesn't even have enough shares remaining to get a note through Asher. I wonder how long it will be before we see that A/S increase to 1.5B???

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.