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Replies to post #23463 on Intelligent Living Inc. (fka ILIV)
JeRK
11/03/11 5:48 PM
#23464 RE: JeRK #23463
Through the Proxy Statement PRE14C. It stated that Long Side which I'm led to believe is the financing company for the purchase of ProLine had roughly 83 million shares. When the DEF14C was released it states their shares had increased to 96 million. Is the Proline debenture nearly complete, or are they issued a new set of shares every quarter? ProLine debt is around $350,000. They are NOT issued a set number of shares on a quarterly basis. The shares that are issued to them are done when loan repayment is due. If Feel has the cash, Feel would rather pay with cash, however, since the cash flow is not enough to pay Long Side, when payment is due Feel has been issuing shares, and will continue to do so.