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golfer123

03/27/08 8:46 AM

#10488 RE: HarryOsbornJr #10487

Read on guys

Cornell has the right to convert at 85% of the 30 day volume weighted average price (down from 95% on previous issues)

Company is issuing $600k, 300K now, 100K after Q1 results are issued, 150K after Q2 results (paying 50K to Yorkville and 10K out of first 300K so they'll net 240K)

Sounds like they're a little desperate for cash

Will be interesting to see the 10K cash flow

But as some on here say - be patient, you'll be rewarded