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236T568

02/20/13 12:03 AM

#17252 RE: Cowboy200009 #17251

oops, you forgot three minor things:


1. PELE registration thas been REVOKED by the SEC and doesn't trade.

2. SMDI owns preferred stock in PELE that is convertible into 95% of PELE common stock at any time that they choose to convert.

3. Number 2 above implies that current SMDI stockholders will be diluted 100 to 1.


oops!