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Carini

04/24/15 8:27 AM

#56809 RE: glenview1022 #56808

But he can't issue shares for a loan, that's what the annual report and the last PR said...

As a result of issues at the Company prior to my involvement, the Company remains in a "DTC Chill" status. In addition to the DTC Chill, issues with the corporate shell have made the company ineligible for restricted shares to be sold under Rule 144. This has made raising capital funds very problematical. In the past, we have been successful in raising capital through the issuance of convertible debt; however, this has become very difficult since the company is not Rule 144 eligible. Our funding ability has been compromised and we are reviewing many alternative forms of financing in the hope that one may be available to us. If our efforts are not successful, we may be forced to identify a joint venture partner or an outright sale of the distribution rights for the products.


Not to mention the A/S is maxed out...