Biomass Secure Power Inc. (BMSPF)

[PhillipD]

I'm not happy about it. I agree that being on the TSX is a benefit, but not at a cost that potentially leaves me with less than what invested. We have a 10:1 reverse split leaving 60 million outstanding shares. Then they will issue new shares at $0.05 to satisfy $150,000 in debt (probably to management) (at today's prices after the 10:1 reverse split, that would be $0.20). So we now have 63 million shares outstanding. Then they have a "Bridge Raise" for another $300,000 at $0.025. Now we're up to 75 million shares. I'm sorry, but we just lost equity and new shares issued under the age old penny stock scheme of issuing shares, doing a reverse split, and then issuing new shares. Our Board at least gets a monthly pay check now. Yea for us bag holders!! I wonder if I can complain to TSX.

Phillip