Halberd Corp (HALB)

[Toxic Avenger]

So in your opinion, the company is lying in it's filing?
"During October 2009, the Company issued convertible promissory notes totaling $115,000 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. These notes and accrued interest were converted during June of 2012 for 39,019,104 shares of common stock."

'Cause that's a death spiral. So either they're lying, or they have a death spiral. I'm not sure which is worse.