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kittystwigster

06/09/11 11:57 AM

#520 RE: IRBeach #519

Excuse me..

April 23, 2007

"Warrants to purchase 27,349,425, or 79.9% of the Company's Common Stock subject to the offer, were received prior to the expiration of the Offer"

The information within that PR is VERY stale for use today. By that representation, at that point in the company's capitalization, there was less than 35M outstanding shares; FULLY DILUTED

Now, what happened in the intervening years since 2007 that took us to your post yesterday of 140M shares in the float (I think you used the word Float) ?

I still contend that millions of dollars in Convertable Debentures are outstanding, and in a position of default for failure to pay interest. It may be patient or "friendly" money, but in the end, no money is "friendly"

Thanks,

kitty