Replies to post #8827 on Strattner Financial Group (SCNG)

[pwrballl]

NOT according to these 8Ks....

".. On December 23, 2008, the Company and one of the holders of the Company's Amended and Restated Senior Secured Convertible Exchangeable Notes and Series B Senior Secured Convertible Exchangeable Notes entered into an Amendment and Exchange Agreement (the “Amendment and Exchange Agreement”) and consummated the transactions contemplated thereby, pursuant to which, among other things:



·

The Company exchanged:



o

$26,000,000 of an Amended and Restated Senior Secured Convertible Exchangeable Note for a senior secured convertible note in the aggregate principal amount of $13,235,000 (the “Series C Note”), which is convertible in shares of common stock, par value $0.001 per share (the “Common Stock”), of the Company, in accordance with the terms thereof and



o

$2,000,000 of the outstanding principal amount of existing Series B Senior Secured Convertible Exchangeable Note issued to the Investor for a senior secured convertible note in the aggregate principal amount of $1,765,000 (the “Series D Note), which is convertible in shares of Common Stock in accordance with the terms thereof.

Neither the Series C Note nor the Series D Note is exchangeable into shares of common stock, par value $0.001 per share of PNG Ventures, Inc., a Nevada corporation;... 8K

That's a LOT!! of shares of EVFL at this pps level. ALSO...

".. On December 23, 2008 the Company finalized an Amendment and Exchange Agreement with Castlerigg PNG Investments, LLC (“Castlerigg”) which granted the conversion of 5.6 million shares of its ownership in PNG Ventures, Inc. and new convertible debentures in the amount of $20,000,000.. 8K

That $20M CD! applies to EVFL.. and ohh BOY! what the MMs could do to this stock with that type of OVERHANG!

GLTA!!