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ToddWH02

07/04/07 1:28 PM

#61442 RE: stevenuc #61441

There are no new shares being issued as a result of this increase in financing.. keep in mind that the debenture redemption agreement has a clause which requires GGI to pay a $1 per share (restricted) for a set number of shares as the debenture is reduced.. in total, FCCN will receive 2.2M from GGI. This is where the money will come from.