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PIGEON RIVER PROSPECTIN,TN

05/12/15 8:13 PM

#69863 RE: Cheds #69862

Do you have a link? lemme find for you my old DD

3. Magna - VPOR's principle lender

Magna and VPOR revised the April convertible notes--conversion price is no longer fixed at 15c (makes no sense for Magna) but is 30% discount lowest market with a 5 day look back. Compare this to the typical 60% discount to market with a 15 day look back and you will see that Magna's notes are not as toxic as people think and this lender to $VPOR is more friendly than it usually is to other issuers.

Also on the date that the April notes were revised, $VPOR also prepaid a part of a note. I expect this pattern to continue and more lenders will give financing to $VPOR based on the revenue growth it will have and the fact that we're looking at sustainable growth
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DKW1000

05/12/15 8:17 PM

#69866 RE: Cheds #69862

Thanks