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03/12/10 5:55 PM

#12923 RE: kittie88 #12288

Kittie - They did 100:1 split before increasing auth shares from 1.4 billion to 20 billion. How's that for crazy. They need to have those shares because when they're paying back a note using a conversion to stock that's being delivered at a price of .0005, then you can see how many shares they need to have available to meet the demands of making their monthly payments to NIR. So to pay back $20,000, they have to deliver 40,000,000 shares and on a $3 million dollar note, the payment is much more than $20,000 per month. Now you have the data that none of the hypsters go research. Enjoy your weekend.