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Re: Toxic Avenger post# 5777

Saturday, 03/30/2013 9:00:59 PM

Saturday, March 30, 2013 9:00:59 PM

Post# of 26652
PIPE' absolutely have everything to do filings and registrations. Let me clarify for the last time, if the PIPE funding came about at the time of the S1 it would be listed as a PIPE in the registration. If the PIPE funding came after the S1 then it would be listed as a PIPE in a following 10Q OR 10K filing. There is no PIPE funding in HALB.

Furthermore if the shares don't fall under rule 144 then the shares from the conversion will be issued as restricted shares and CANNOT be sold into the market for six months after issue once the legend is removed from the stock certificate. Currently the note has not be converted and no shares have been issued. Therefore there is no death spiral.