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Doubledown22

02/03/10 10:46 AM

#1083 RE: purefreewater #1081

"The Company is still in negotiations to convert the remaining debt into equity." is the part that I'm wondering about...remember the creditors/debtors WANT COMMON SHARES instead of cash. Nice open ended comment. Today's PR didn't close this issue out by saying something to the effect of "all series B notes have been issued and xx remain to be converted" or "due to the great balance sheet and cash position we have built, we will not be issuing anymore series B preferred shares or increasing the outstanding shares in any way going forward etc...as it would be harmful to our current shareholders".

Instead they leave it all open ended and plant the seed that they possibly will be issuing more shares to pay their friggin' debtors instead of insisting on paying in cash.

It doesn't matter this company is going to do what it does and I'll hold my shares until my target is reached or it goes belly up. Simple as that I guess. :-)

have a great day,

DD22
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purefreewater

02/03/10 11:28 AM

#1092 RE: purefreewater #1081

"$309,000 of convertible notes due February 12, 2010."

as of Dec. 16, 2009 The Company still WAS in negotiations to convert the remaining debt into equity.

so if they converted $309,000 into common shares at (let's say) $0.03

they issued 10,300,000 shares

The selling will be over VERY VERY soon. Maybe as soon as TODAY !!!

and YES, the Chaikin Money Flow is looking very good ! = the shares are being accumulated !