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Matt_Chart

01/27/12 12:46 PM

#20133 RE: pepi #20122

Yeah, and its good to know that the previous owner of the debt note wont be needing to unload it on shareholders anytime in the future.
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Arthur

01/27/12 12:54 PM

#20138 RE: pepi #20122

They retired the remaining $20K of a $275K CD ... by issuing 785,000 shares ???
Unbelieveable !

As they are short of cash, they are paying invoices with shares, an other 3,400,000 shares here, which is a 10% dilution.

It seem Barry is plowing another $170K into the company, and getting 8.5M shares, rougly 8% dilution.

It adds up.

In a couple of weeks, the company may or may not announce the release of an app... for Q2.