The way their selling new paper they will need to raise the A/S by the end of the week. IMO
What most peeps don't realize is that sirenGPS is still privately owned and needs to collect from HDSI $107,500.00 per month for 6 months in order for the exclusive license to take effect. If they can do this within the 6 month time frame , HDSI will get the exclusive licensing rights for the sirenGPS app for 10 years & the monthly payment goes down to only $7,500.00 per month. They obviously can't sell their product at this time because its free, so with no revenue coming in they will depend on HDSI's shareholders to provide the $$$$$ Right now their converting debt at .00005
Based on the foregoing, we determined that Mr. Rauner was duly qualified to serve as the sole member of our Board of Directors. ITEM 5.02 DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS.
In connection with the closing of the Strategic Expansion Agreement, Mr. Recachinas resigned from all executive, non-executive and director positions with us, including but not limited to President, CEO, CFO, Treasurer, Secretary and Director and concurrently therewith Mr. Rauner was appointed as our President, CEO, CFO, Secretary, Treasurer and a Director. http://ih.advfn.com/p.php?pid=nmona&article=65844548