News Focus
News Focus
Followers 218
Posts 38765
Boards Moderated 0
Alias Born 04/29/2008

Re: traderjoe3 post# 5767

Friday, 03/29/2013 2:22:31 PM

Friday, March 29, 2013 2:22:31 PM

Post# of 26656
ROFLMAO. I didn't say there was NEVER an S-1, just that the death spiral was unconnected to an S-1 and was indeed a PIPE offering. PIPE shares do not need to be registered.

So I'm afraid it's your information is once again, INCORRECT.

"This isn't a PIPE deal. A pipe deal has to be registered as such as this particular company did NOT do a PIPE registration, it was a typical S-1 registration"
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=86242056

"During January 2010, the Company issued convertible promissory notes totaling $170,475 to two shareholders. The notes bear interest at 12% and are due after the 12-month anniversary date or anytime after the 12-month anniversary date but not more than 36-months after the note maturity date. The notes and any unpaid accrued interest are convertible into shares of common stock at the average closing bid price of the stock over the preceding 10 trading days less a 25% discount. The notes were not converted as of October 31, 2012."

I receive NO compensation to post ANYTHING. I AM NOT short this stock.

"The world is a dangerous place, not because of those who do evil,but because of those who look on and do nothing". Albert
Einstein