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beachsideeddy2

12/12/11 10:06 PM

#1412 RE: cleverrox #1411

Your math just marks the start of the dilution machine this was destined to become from the days Ray first ran around shaking his flabby jowls screaming, THE EYE!!! THE EYE!!! THE EYE!!! OMG I just fainted from laughing.
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Cassandra

12/12/11 11:05 PM

#1414 RE: cleverrox #1411

The actual dilution will likely be much greater as the conversion price of the debentures is "subject to adjustment." Such adjustments are typically made to reduce the conversion price to below the lowest market trade or at least to below the market price on the date of conversion.

To amend the Debentures with the following terms:
(i) Conversion Price of $0.06 per share, subject to adjustment therein;


http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8279827