Friday, June 28, 2013 2:47:15 AM
In particular, the very last line of the report is, IMO, devastating:
Loans:
We have limited accessto capital from either banking institutions or the capital markets. Consequently, we have loansfrom a number of other
types of third parties, including related parties, and the aggregate loansto related parties of $266,874 are expected to convert to common stock
atsome point in the future.
Convertible Debentures, toxic financing, whatever you want to call them; are the kiss of death for shareholders. At today's closing PPS, that loan amount would convert to 19,062,429 shares.
"Libenter homines id quod volunt credunt"
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