Replies to post #5097 on CLX Medical, Inc (fka CLXM)

[EarnestDD]

OLD CLX DEBT - During the period from the date of this LOI until the closing of the Transaction, CLXM will not issue more than 36 million shares (36,000,000) which will be issued in exchange for approximately seven hundred thousand dollars ($700,000) worth of payables debt and the agreement to convert all existing preferred shares into common shares, leaving the company with approximately one hundred forty-five thousand ($145,000) in payables and a note to Michael Chavez in the amount of $190,000 that is past due and there will be no assets in the company.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7207495