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Tiburon99

02/22/12 4:21 PM

#182359 RE: doogdilinger #182354

I'm afraid, it is unclear, as to who will prepare the report, wnbd or the advisors (who are in the business) and know the candidates, and probably understand their (candidates) needs

and it matters not, (but best let the experts do it)

It can all get done in 90 days.

THe report should be almost ready, already,

The candidates are Know, (have $), (Like risk/reward)


Best get your cheap shares, NOW
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lbdave

02/22/12 4:26 PM

#182360 RE: doogdilinger #182354

...no point arguing with me when all i've done is provided you with HIS own words verbatim lol. Ciao 4 now weeeeeeeeeeeee



Actually you have provided us with his words verbatim, along with your opinion of their meanings, just as I have done. The fact is, my opinion nor your opinion on the meaning really matters. The only thing that matters is Eric's intent in the message he was trying to convey, and hopefully he will clarify his intent.
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Serenity

02/22/12 4:34 PM

#182361 RE: doogdilinger #182354

On the subject of refinancing, we are confident that we have identified advisors whose track record, ability to understand our objectives and proven contacts are of sufficient quality to proceed with preparation of a formal proposal to appropriate candidates that are already known. Over the next 90 days there will be a great deal of work going on to complete this. The most important vetting condition on our end was to prevent a reverse split as a condition of the funding, and that the funding be sufficient in scope to enable an end to 504 funding. An ability to end 504 funding will no doubt bode well for the removal of the partial chill in due course.



I read it the same way Doog. No doubt others with a better sense of reality will see it too. 90 days to complete a formal proposal. Period. This refers to proposal being made to "appropriate candidates". Lord knows who the company considers to be appropriate given the desperation that continues to escalate.

The company loves to use "likely". It's their most favorite gotcha word. They also love "in due course", yet another escape word. I wonder if they reference RS so much in this blog post to get shareholders used to hearing it?

Kudos to the company for answering this. IMO this blog post contains a great deal of information, none of which I see as positive. I see much of it as same ole' crap. "Just hang in there another 90 days and keep supporting the PPS. We need paychecks!"

You do realize the company will blame the financiers who MADE them RS. Although the company has been sorta clear about the fact they don't want to rs..it may be in their best interest in order to survive. Not shareholder interest but company interest.

The most important vetting condition on our end was to prevent a reverse split as a condition of the funding, and that the funding be sufficient in scope to enable an end to 504 funding.



I also love the fact the company doesn't say the 504 funding will end, they say it will "enable an end". Doesn't say they will stop looking to 504 funding.

Finally, the fact they ended that blog post with ANYTHING relating to "elevation in trading tier". Unreal.

Have a wonderful night!

;-)