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User-65225

05/05/11 5:59 PM

#12641 RE: User-65225 #12640

How about those notes (debt) that have resulted in mass dilution?... As far as i can tell the debt size and terms were not disclosed in previous filings, as required...

Caution: By law, the reports that companies file with the SEC must be truthful and complete, presenting the facts investors find important in making decisions to buy, hold, or sell a security. But the SEC cannot guarantee the accuracy of the reports companies file. Some dishonest companies break the law and file false reports. Every year, the SEC brings enforcement actions against companies who've "cooked their books" or failed to provide important information to investors. Read SEC filings — and all other information — with a questioning and critical mind.

http://www.sec.gov/investor/pubs/microcapstock.htm

Mark pushed his luck by hiding this debt imo, the SEC just needs to take notice.