I already sold my between 1 to 1.60 sand enter again below. However, my main concern about debt convert ion which is due in February and June 2012. Last time it dropped from 1.05 and go back down and rise up now. It can be go that direction too now or later. May be I am wrong. However. we should be careful about debt issue . If they will convert in shares then it will be go down. It doesn't matter for me which way it will go because I don;t have big position and all is free. Here is the text from last 10Q
NOTE 6 - CONVERTIBLE NOTES PAYABLE
On February 14, 2011, the Company issued a convertible note in the amount of $250,000 with interest at 10% per annum due one (1) year from the date of issuance.
On June 23, 2011, the Company issued a convertible note in the amount of $100,000 with interest at 10% per annum due one (1) year from the date of issuance.
The notes may be converted into common shares of the Company should the Company complete a private placement with gross proceeds of at least $100,000. The conversion price shall be the same as the private placement price on a per share basis.
As of September 30, 2011, the Company did not complete any private placement.
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