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Bgallatin

05/22/15 12:32 PM

#37735 RE: wilma6311 #37734

Found something interesting in my search for knowledge.. There was a rule changed and Alot !! of companies are having to re-do their 10-K for calendar 2014 solely to allow for adjustments for "embedded conversion options" inside convertible promissory notes. Previously, such calculation of the future value of conversions to shares was never required..

I guess its a mess