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PhilCheeze

07/21/11 2:39 PM

#44956 RE: pantherj #44955

Not true. Convertible debentures was the source of the debt
And dilution. The future private placements are likely to be
Offered only via promissory notes for 1-3 year hold periods.
No shares will be issued for 1-3 years, thus the ppm is more
Shareholder friendly. The mistakes of using scumbag 504
Finance companies who just get paid and convert immediately
Are a thing of the past. No more need to allow some of these scumbags
the ability to hold restricted shares and short against the restricted
box illegally.

Promissory notes are a much better way of raising expansion capital for the company moving forward!
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dh30067

07/22/11 6:32 AM

#44965 RE: pantherj #44955

And further the float indicates all the private placement have sold and left. Now why would they sell at the "bottom" before the huge run... and these private placements who know the company the best.

Private Placements ARE dilution. That was the source of GDHI dilution.