Posted On: 06/30/2014 12:00:00 PM
Post# of 11105
![](/m/assets/46931549/no_avatar_available_thumb.jpg)
Judging by the last financials and the Q&A, IBC Funds converted their note for 58000 and ended up receiving like 2.1 billion shares....and then still tried to submit it again but the company stopped it and said their debt had been satisfied. 73000 got settled in court so that was probaly 730,000,000
Couple more 50000 dollar notes and part of a 300k note were paid off and satisfied. probably another 2 billion or so. Just a few places it all went. Peter wasnt receiving cash for all those shares debt was just being eliminated
Couple more 50000 dollar notes and part of a 300k note were paid off and satisfied. probably another 2 billion or so. Just a few places it all went. Peter wasnt receiving cash for all those shares debt was just being eliminated
![](/m/images/thumb-up.png)
![](/m/images/thumb-down.png)