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Re: Sumdude post# 27399

Monday, 07/29/2013 8:59:20 PM

Monday, July 29, 2013 8:59:20 PM

Post# of 38473
Don't worry Sum,

The way Ali and Guest are setting this up you can participate in debt financing now or wait (my preference) until after their looming Reverse Split.

The risk of participating now is that we don't know how many shares have been issued or what's left of the authorized 3 billion, and Ali/Guest haven't defined a timeline on the R/S or if they'll meet the requirements to even perform a R/S. We also don't know if they've any collateral besides deeply discounted shares and if this stock drops below $0.0003 they'd be in default of specific standing notes.
Notes and warrants adjust pro rata for splits but the biggest risk is they won't meet capR,SHE req. etc and not only have no collateral but unable to conduct a R/S which would leave them in default.

Just wait til after they conduct a R/S, that's what I'd do. It'll burn current shareholders like a torch for this company to R/S and immediately take on more debt/equity financing but that's just what Ali and Guest show a proclivity to do.

OTC markets= Where lightning strikes the same place as often as unwary investors will allow.
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