Friday, December 28, 2012 11:13:08 PM
Fair enough, I always figured Frank needed work cheap, and you liked stocks and thought this might help your reputation. But about the Ironridge filing that you say wasn't canceled. When I pushed you the other day about the 3 filings I got no response. It looked like you were trying to employ scare tactics to try and buy at a cheaper price. It's not exactly unheard of here
In the last filing from Ironridge dated 4/27/12 it states the following:
" The transaction is subject to customary closing conditions, equity conditions, and an increase in issuer’s authorized common stock."
If what you say is correct when did that happen? And when money came in another filing from Ironridge would be done. And how would you possibly know the agreement wasn't canceled? You can't come around making statements like that with absolutely no proof when Frank says he canceled it, and expect no push back.
It's interesting to note that the only place that I've found referencing the 300 million figure is from this filing. And the reporting persons assume? Maybe since Ants was in such a mess Ironridge just "assumed" the high number to maximize their share ownership. LOL Well...probably not, but it's possible. And for anybody that wondered how 4.99% of 300 million is 15,756,000? The key phrase is "after such issuance". Who can figure these things out except professionals!?!?
"IV is prohibited from receiving any shares of common stock that would cause it to be deemed to beneficially own more than 4.99% of the issuer’s total outstanding shares at any one time. For purposes of calculating the percent of class, the reporting persons have assumed that there are a total of 300,000,000 shares of common stock outstanding, such that an aggregate of 15,756,000 common shares issued to IV would represent 4.99% of the outstanding common stock after such issuance."
In the last filing from Ironridge dated 4/27/12 it states the following: " The transaction is subject to customary closing conditions, equity conditions, and an increase in issuer’s authorized common stock."
If what you say is correct when did that happen? And when money came in another filing from Ironridge would be done. And how would you possibly know the agreement wasn't canceled? You can't come around making statements like that with absolutely no proof when Frank says he canceled it, and expect no push back.
It's interesting to note that the only place that I've found referencing the 300 million figure is from this filing. And the reporting persons assume? Maybe since Ants was in such a mess Ironridge just "assumed" the high number to maximize their share ownership. LOL Well...probably not, but it's possible. And for anybody that wondered how 4.99% of 300 million is 15,756,000? The key phrase is "after such issuance". Who can figure these things out except professionals!?!?
"IV is prohibited from receiving any shares of common stock that would cause it to be deemed to beneficially own more than 4.99% of the issuer’s total outstanding shares at any one time. For purposes of calculating the percent of class, the reporting persons have assumed that there are a total of 300,000,000 shares of common stock outstanding, such that an aggregate of 15,756,000 common shares issued to IV would represent 4.99% of the outstanding common stock after such issuance."
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