Replies to post #614 on Timios National Corporation (fka HOMS)

[DueDillinger]

declined- Don't forget to consider that HOMS owes Cornell Capital Partners about $11MM in debentures at 10% interest, convertible at a 10% discount to a 30 day VWAP and redeemable at a 10-20% premium.

This reality, and the fact that McMillen's acquisitions aren't producing the anticipated cashflow is what holds the price down. McMillen touted a $21MM year, but after 3 quarters the revs are just under $9MM.