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hurricaneman

06/04/07 8:55 AM

#34422 RE: flptrnkng #34421

You are entirely missing the point.
Howard is lending the company relatively cheap without dilution.
There is no way a company with no earnings on the pinks gets
575k at only a straight 10% without shares or warrants- and his
potential conversion price is at present market price without discount.
Thank you Howard.
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RG

06/04/07 9:32 AM

#34426 RE: flptrnkng #34421

Not a concern but thanks for researching it.
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Salve Lucrum

06/04/07 11:52 AM

#34448 RE: flptrnkng #34421

Hey Flp, got change for a "FIFITY"?

Just another funny typo from the loan document .....maybe the lawyer has a lisp?

"...Interest shall increase to SIX THOUSAND THREE HUNDRED AND FIFITY DOLLARS AND NO CENTS ($6,350.00),"