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Re: Sooah post# 46058

Saturday, 06/29/2013 3:40:36 PM

Saturday, June 29, 2013 3:40:36 PM

Post# of 234105
Janice, we have repeatedly explained to the poster that it is not possible for Asher to convert 1 billion shares as there is no record of them having loaned the issuer close to $500 million dollars.

Of course not. Asher actually paid $11,500 for the securities in question, in the most recent agreement.

http://www.sec.gov/Archives/edgar/data/1451514/000135448812006175/mine_ex1040.htm

Typically, Asher lends small amounts of money a little at a time, and converts and sells the stock. Note that Asher may convert at any time it wishes. The only limitation is that it cannot, at any time, own more than 9.999% of the company.

http://www.sec.gov/Archives/edgar/data/1451514/000135448812006175/mine_ex1041.htm

All he needs to free up the stock is an opinion letter from a sleazy attorney. Note that Asher is not required to hold the shares for any specific length of time; he may convert and sell at any time, as long as he uses an appropriate exemption from registration.

This is a lather, rinse, repeat thing. They'll probably do it over and over. And in the end, the stock will be diluted into the billions of shares. Kurt Cramer is well known in the field of toxic financing.

As Sam points out in a subsequent post, the company has a lot of convertible debt, and has already been forced to raise its authorized to undesirable heights.

It's possible the TA sent that information by mistake. But it looks legitimate to me.

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