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j smoo

04/16/12 1:27 PM

#78992 RE: StLXer #78987

The two lines above what you posted are even better

Shelter Island Opportunity Fund

On February 13, 2012, the Company paid in full its obligation, in connection with convertible debt financing consummated in February of 2007, with Shelter; and subsequent negotiations of the “Put Agreement” satisfied by the Company's delivery to Shelter Island of a new Senior Secured Note in the principal amount of $1,590,400. The remaining balance of the Note in 2012 was $369,692.56 and was acquired by Tangiers Capital. The Tangiers obligation was subsequently retired as well in 2012.


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bme

04/16/12 1:36 PM

#78995 RE: StLXer #78987

StLXer. I think CBAI has about 760K shares left,am I seeing it right?