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Rawnoc

03/19/09 8:16 PM

#5342 RE: littlefish #5341

Wrong, nothing has ballooned up. There are various debt payment schedules due various months all of which so far have been negotiated and delayed for the future, and they are currently in negotiations to redo the entire thing.

This is the 3rd filing about this event since December -- it's old news, there is ZERO default. The original financing was $5.7 million of which they paid off more than half of it, and they are working out a payment plan for the other half.

I don't see anything "forced" -- and there's nothing I see to even remotely suggest bankruptcy or they wouldn't be actively filming 7+ new infomericals and launching 7+ new products soon.
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Rawnoc

03/19/09 8:18 PM

#5343 RE: littlefish #5341

The only thing "new" with this filing is that the Board of Director has authorized the company to pursue being bought out.

I wonder why they would authorize a buyout just ahead of a ton of new products being launched and Gotbettor who was given warrants in December to delay a debt payment for a month didn't demand any warrants since?

Keep watching, kids. :)