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Friday, November 01, 2013 10:56:43 AM
This being said, where is the dilution coming from?
We do have a Note Holder who holds a considerable amount of debt. Albeit their right, this debt holder, as of recent day, to the best of our knowledge, has not converted and sold any shares directly into the market. However, for their own business reasons and accounts, the debt holder has sold portions of their note to third parties – which is also their inherent right to being a debt holder. It is those 3rd parties who have converted the stock into the float.
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