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Re: Gsdubb post# 3685

Tuesday, 10/01/2013 4:55:59 PM

Tuesday, October 01, 2013 4:55:59 PM

Post# of 106837
The Asher carries a small facevalue ($ 112.5k), but the conversion rate is horrible. Asher receives shares at a discount of 42 % to 45 %!!!

And there's one more toxic financing: IBC Funds LLC holds a note (facevalue & accrued interest: about $ 200k), that can be converted with a discount of 60 %!