The letter you posted is a "draft" of a "plan" to raise capital for TDON.
If you notice the date, 12/26/06, that was about 4 months ago.
At that time, someone had told me that the comapny was planning to register their stock (Form 10-SB) and apply for a BB listing by the end of December, and to be listed on the BB by the middle of January.
Unfortunately, it took them an extra 3 months to close out the existing 506-D that they had before they could register their stock (by law), which they finally did on April 13.
So what you are looking at is something that never happened, at least not yet, anyway.
As soon as they get on the BB, they can produce this secondary offering, which will likely be modified somewhat from the one they planned in December
The most they have raised so far according to my contacts is about $1 million, which was enough to get their financials audited, register their stock, and fund ongoing operations.
Higher prices are just around the corner though, no doubt.
Hope this clears some of the cobwebs away
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