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Re: rafa161 post# 16379

Wednesday, 02/13/2013 4:20:26 PM

Wednesday, February 13, 2013 4:20:26 PM

Post# of 66390
THIS IS DILUTION :
(2) IBC Funds, LLC beneficially owns 17,482,928shares of common stock of Cereplast, Inc., par value $0.001, representing approximately 9.0% of the outstanding shares of Common Stock. On January 25, 2013, IBC Funds entered into a private debt purchase transaction with various shareholders of Cereplast, Inc. The shares of Common Stock reported herein were issued pursuant to a conversion of such purchased debt, with 4,782,928 of the reported shares being issued on January 29, 2013 and 12,700,000 being issued on February 4, 2013.
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