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ColeThornton

09/21/12 3:20 AM

#140511 RE: mide #140498

mide, your message implies the .01 provision is no longer in effect.

"The S-1/A provides a general description of the debenture agreement and states:

"The foregoing description of the private placement does not purport to be complete and is qualified in its entirety by reference to the securities purchase agreement, the debenture and the equity investment agreement, copies of which are attached as Exhibits 10.1, 10.2 and 10.3, respectively, to the Current Report on Form 8-K, which was filed with the SEC on February 7, 2012, and are incorporated herein by reference."

Those exhibits are the same that have been posted on the SEC's website since early February and they clearly detail the default condition of the VWAP falling below .01."


I think coastie is right again and of course that would make you wrong...

again.