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king koopa

11/14/14 3:24 PM

#8337 RE: natstocks #8336

I'd say they would run the stock before diluting it in order to bring in more volume/liquidity so in my opinion its a win-win here... They do have some convertible debt on the books but it has been decreasing quarter over quarter which is good.

RNsidersbuying

11/14/14 3:28 PM

#8338 RE: natstocks #8336

Convertible debt has been reduced $90K from last Q to a present total of:

Convertible debentures, net 386,815

O/S has increased from 30M to 57M not including some subsequent shares issued post 9/30/14.

At pps .003, that cd debt could be wiped out with another 130M shares. I also question why they post $131K cash income and not use that income to pay down those frenchy cd funder scoundrels?