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UNDAUNTED

12/04/13 10:26 AM

#79129 RE: CancunCharlie #79128

He needs to have something to PR about. The last PR had some fluff in it, so the next needs to have some solid red meat.

If you are in this to flip for a few points, he shouldn't be listening to your advice anyway, if you are in this for the long haul, you shouldn't be worried about the day x day pps.

RGali

12/04/13 11:05 AM

#79134 RE: CancunCharlie #79128

Thanks CC. From my understanding when a convertible loan is taken out the current SP is used in calculating how many shares are needed to convert that loan. Those shares are reserved/taken out from the A/S. In other words he can't just take out all the convertible debt he wants and later deal with the A/S increase. The A/S has to be able to accommodate the loans before hand. Without going into to much detail but based on my calculations with other board members if the next conversions occur above .00031 particularly Asher's note for next year then we will be fine. Berge knows this and will PR to help out, he said he will have something to PR about. I have no clue what or when but I am betting before Christmas. In either event all toxic debt will be flushed out in the next couple of months and the man himself told me it's use served it's purpose and is no longer needed. Burn rate is low, current LOC is more then enough to cover, sales are increasing. A lot of deals on the table and being presented to him which I expect to hear more about soon. Nothing is guaranteed, forget the fluff just look at the numbers yourself and see if things add up and go from there. GLUCK to all of us!