One thing to note if you look at my previous message listing all their companies and you look them up you will see that while some may have moved up recently over the past 12 month almost all have headed downwards. Id guess they are making out well with the dilution while ordinary shareholders like us lose money.
Yeah, but if you look at the 1yr chart it was pretty ugly until about a month ago. Also, Adzone has agreed to pay off the CD from Nutmeg (Feb 21st). Here is a link: http://biz.yahoo.com/pz/060221/94499.html
AdZone Research Signs Agreement with Nutmeg Group to Pay Off Convertible Debenture Tuesday February 21, 10:00 am ET
CALVERTON, N.Y., Feb. 21, 2006 (PRIMEZONE) -- Citing a rapidly improving operating outlook, AdZone Research, Inc. (OTC BB:ADZR.OB - News) today reported it has signed an agreement to pay off a $1.2 million Convertible Debenture from The Nutmeg Group, L.L.C.
``We are very pleased to have reached this agreement with Nutmeg, and dramatically reduce potential shareholder dilution,'' said AdZone's Chairman & CEO, Charles A. Cardona. ``The Nutmeg Group, led by Randy Goulding, has been unwavering in its support of the company over the past two years. It has helped position AdZone to be where it is today, and remains a valued ally and major shareholder of the company.
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