this proves my point exactly. they are looking to refinance the existing notes, which is difficult, when the authorized is maxed out. secondly. they are trying to secure NEW financing to the tune of $2mil-$20 mil which means A LOT OF FUTURE DILUTION. with regard to the existing notes and supposedly no immediate plans to reverse split, they have no choice except to increase the authorized SUBSTANTIALLY, which will probably be to 4 -5 BILLION authorized any day now. they cannot refuse to allow existing note holders not to convert shares. this is well orchestrated pump to let out big players who have been holding tens of millions of shares from .0002-.0004. makes sense and is pretty common in otcland once authorized is maxed and before any new action like r/s or increasing the authorized. you guys should realize that progress isn't free. you cannot expect them to keep a maxed out authorized at 2 billion. won't happen. debtholders are owed big money. when the q comes out, you guys are going to see a lot of bad numbers. the company is still broke.
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