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Acumen

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Acumen

Re: Renaissance post# 150285

Thursday, 02/27/2014 8:56:29 PM

Thursday, February 27, 2014 8:56:29 PM

Post# of 157300
Easy one Ren. Go to the 2013 3rd quarter 10-Q - consolidated statement of cash flows. All transfers of cash are shown in a cash flow statement. Note that in Financing Activities there is no "Payment of Note Payable to LJC".
This is what triggered the true up conversion agreement. By default they traded debt for equity.


Jeffy has presented the financial statements accurately. In 2013, no cash went from WSGI to LJC.

Next question please.
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