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Greenback305

11/06/08 10:12 AM

#4347 RE: krays #4346

Which CDs are you referring to? The ones assumed in the March 2004 exchange agreement, or the ones issued in 2006, 2007, and 2008? The latter matures three years from the date of issuance. Of the CDs assumed in March 04, $125,000 remains from the $475,000 balance. It is true from the financials that $29,210 of its convertible debentures were converted into 35,061,636 shares of stock, but I think this refers to the '04 CD. Also, whatever has been converted is still reflected in the now stated o/s.