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brewskih

04/06/06 7:39 AM

#66451 RE: kihei #66449

They have no choice but to register them as I pointed out before. They used up their stock and have very little cash to continue operating on. As of Dec 2005 they had 2 million cash and they burn that a quarter. They needed 14 million to complete these new acquisitions. The preferred took care of that but still leaves them short on cash to make it through 2006.

It was a no brainer that they have to register the shares in the SEDA. It was included in the filings, what the time requirement was, and in one of the acquisitions, I believe it stated those shares would be registered for that acquisition jointly with the SEDA shares. I dont remember which acquisition that was at this time, but its there on the SEC website for anyone who wants to research it.
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Drmyke3

04/06/06 8:58 AM

#66479 RE: kihei #66449

where is the income from paint, word registry, the new companies, licence fees??????