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kpdrummer1

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kpdrummer1

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Friday, 03/21/2014 6:42:37 PM

Friday, March 21, 2014 6:42:37 PM

Post# of 1490
Interest on debt is $4,000,000 per year - unable to meet 12-31-13 debt payment of $250,000 - "On July 1, 2014 a total of $1,875,000 of convertible notes will be in default unless new agreements are reached with these noteholders." There WILL be significant dilution to current shareholders. "These conditions raise substantial doubt as to the Company's ability to continue as a going concern." I've done by dd and have concluded that this is a much riskier investment than I originally thought. GLTA
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