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eagle_2975

05/14/12 8:31 PM

#4058 RE: McWubbin #4056

You're right, they are such a fraud with 47 employees and 70 top-notch customers on their website.

They issued about 135M shares over the past 2 years post-merger. The weighted average price was .008 or so worth about $1M. I don't like them issuing shares at such low prices, but at least they didn't do convertible debt financing - if they do, I am out - that is the sign a company is in serious trouble.