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acsell77

06/06/10 6:36 PM

#73599 RE: kraken #73595

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Upticky

06/06/10 8:18 PM

#73623 RE: kraken #73595

CORRECTION to what was posted by Kraken!
You should be a little more careful of what you post. When you copied the data into your message it appears as though the Form D filed June 2, 2009 wasn't supposed to expire within 1 year. Look at the Form D filed June 2, 2009. It specificly states: Duration of Offering: Does the Issuer intend this offering to last more than one year? NO

Type(s) of Securities Offered: Convertible debenture
Minimum Investment:
Minimum investment accepted from any outside investor $ 25000 USD

Offering and Sales Amounts
Total Offering Amount $ 1000000 USD
Total Amount Sold $ 25000 USD
Total Remaining to be Sold $ 975000 USD

NOTE; The above Form D expired 6/2/2010

The Form D filed January 28, 2010
Type(s) of Securities Offered: Convertible debenture
Duration of Offering: Does the Issuer intend this offering to last more than one year? YES

Minimum Investment
Minimum investment accepted from any outside investor $ 5000 USD
Offering and Sales Amounts
Total Offering Amount $ 299944 USD
Total Amount Sold $ 0 USD
Total Remaining to be Sold $ 299944 USD

BTW....These Convertible debentures could be used for day-to-day operating expenses and advertizing until the company is running cash flow positive. I don't think I'd refer to it as death spiral. This company has way to many positives going for it.

JMHO
Mike