Replies to post #5703 on ERF Wireless, Inc. (ERFB)

[janitor_unbound]

looks like it. maybe the R/S was done under pressure from or to benefit the noteholder. No concern for the shareholder, that's for sure.

[Dragonwing]

Ummm yea...start at pg 13

http://files.shareholder.com/downloads/ERF/2999939501x0xS1019687-13-4350/1020646/filing.pdf

On March 5, 2013, the Company entered into a six-month secured convertible promissory note secured debt financing agreement with Tonaquint, Inc. (“holder”), for $791,500, bearing interest at a rate of 12% per annum and maturing September 5, 2013.

At September 30, 2013, the outstanding principal balance of the Tonaquint convertible promissory note totaled $909,000.

The holder may require the Company to convert the outstanding principal balance (including any unpaid interest) into shares of 144 Common Stock at any time after the six-month term of the note.

http://www.secinfo.com/$/SEC/Name.asp?X=john+m%2E+fife