Wednesday, June 19, 2013 4:35:59 PM
'The Company paid sales commission and expenses of $466,600 to GVC Capital LLC and issued 5,230,000 placement agent warrants at $0.10 and 5,230,000 placement agent warrants at $0.15.'
They paid almost a half million dollars to 'receive' the investment plus they issued 10,460,000 warrants to the Financing agent on top of the 156 Million shares/warrants to the investors.
Ouch and Ouch.
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