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Re: Toxic Avenger post# 6944

Sunday, 04/14/2013 9:18:18 PM

Sunday, April 14, 2013 9:18:18 PM

Post# of 51074
LOL, again, those are not death spirals. The total amount is only $130,000, not the millions associated with death spirals. If you converted $130,000 at .0183 (the average closing price last 10 days) that would only convert 7,104,000 shares. Hardly death spirals. Again, only one hundred thirty thousand dollars total. These are four individual investors not likely able to short the stock to drive the price down. Even if they could, they do not have enough fire power to hurt this stock for more than about a day or so.

This is from the latest 10K:

During the year ended December 31, 2012, we issued 18,078,234 shares of its common stock upon conversion of $94,000 in principal and accrued interest of convertible promissory notes.

As of all of 2012, they only diluted 18 million shares. That was before they had any revenue. Now they are starting produce revenue and are about to deliver new products. Also, they have covered their bases as far as future production costs go. The manufacturer of their current product has assumed all expenses to build and ship the product splitting profits (after costs) 50%. The company has reduced its expenditures to a minimum allotting time to build its business and generate new revenue.

Your claims are baseless, trivial and unsubstantiated.