It's not a line of credit!!! It's an equity line that sells shares at 75% of the recent low to Ignition. It's called Toxic financing. HERES WHY.......
REALITY!!!
Quote:
An unknown number of shares of common stock, which may be sold by means of this prospectus, are issuable under an Investment Agreement to Ignition Capital, LLC of Tampa, Florida. As we sell shares of our common stock to Ignition under the Investment Agreement, and Ignition sells the common stock to third parties, the price of our common stock may decrease due to the additional shares in the market. The more shares that are issued under the Investment Agreement, the more our then outstanding shares will be diluted and the more our stock price may decrease. Any decline in the price of our common stock may encourage short sales, which could place further downward pressure on the price of our common stock. Short selling is a practice of selling shares which are not owned by a seller with the expectation that the market price of the shares will decline in value after the sale. See “Investment Agreement” for more information concerning the Investment Agreement."