Replies to post #11220 on Monarch Staffing Inc (MSTF)

[william2112]

yeah.....we are so flippn' stupid....it was back doored....

THE NOTE HOLDERS MAY EXPLOIT A MAJOR ANNOUNCEMENT MADE BY THE COMPANY TO CONVERT THE SECURED CONVERTIBLE NOTES AT A PRICE SUBSTANTIALLY LOWER THEN THE CONVERSION PRICE WOULD BE OTHERWISE.

Under the terms of the secured convertible notes, the conversion price which the note holders must pay is changed after major announcements by the Company, discussed below. In the event the Company makes a major announcement, the conversion price of the secured convertible notes is equal to the lower of the conversion price that would be in effect on the date the announcement is made or the current conversion price at the time the note holders wish to convert. Therefore, if the Company's stock price was to increase substantially after a major announcement the note holders could still convert the secured convertible notes the lower price which applied before the announcement. In this way, the note holders could hold shares of Common Stock worth much more then the note holders originally paid for them. Therefore, the note holders could sell the shares at a price lower then the current market prices, still making a profit on their investment which would drive down the price of the Common Stock.






...where's the 8-k....it wasn't filed because it (merger) happened within the last 4 days.if i'm wrong.so be it.just show me the proof of it not....or show me the money. :)