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Re: MACH1 post# 48891

Wednesday, 02/26/2014 4:41:58 PM

Wednesday, February 26, 2014 4:41:58 PM

Post# of 211436
lmao. but, they have no money for operations without TOXIC financing. he keeps avoiding the most important issue...funding. easy to say toxic finance is complete from OLD convertibles, but what about the new financing they are signing up for. lmao they had $11k in the bank as of last quarter, which is hardly enough to manufacture and distribute their goods as they CLAIM they are doing to Walmart and others. they are getting the money from somewhere, and it can't be accounts receivables, because their sales have been horrible. so, the money is coming from lending sources. that means convertibles and dilution! no two ways about it. dewm raised their authorized to 4.5 BILLION for that reason. i don't care what the lil doctor says about the OLD financing, he can't run his business without NEW financing.