Replies to post #4999 on CLX Medical, Inc (fka CLXM)

[EarnestDD]

WRONG ... read the 8K. Chavez's son bought the Convertible Note with an 80% discount to market.
jmo

From the 8K
On or around March 5, 2010, the Company entered into a Convertible Promissory Note with Michael Chavez, the son of Jose Chavez, in the amount of $190,000, which replaced and superseded a previous promissory note dated December 19, 2005 (the “ Note ”). The Note is payable on December 31, 2010, bears interest at the rate of 8% per annum, and is convertible at the option of the holder at a conversion price equal to 20% of the average closing price of the Company’s common stock on the Pinksheets.com for the five trading days prior to any notice to convert such Note, provided that if the Company’s common stock has not traded at least five days out of the prior ten business days, the conversion price equals the average closing price of the days such common stock traded during such ten day period. The Note is not able to convert into more than 4.99% of the Company’s common stock at any one time, subject to 61 days prior written notice from the holder.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7207495