Posted On: 08/06/2016 11:24:10 AM
Post# of 3605
I think he bought that amount because that is the exact amount he had left in deferred salary.
from the 8k filing
"In addition, Mr. Coates has been providing working capital to fund the Registrant’s operations from time to time since September 2010 in the form of 17% promissory notes. As a result of this transaction, all of the promissory notes will have been paid in full and the Registrant will no longer be incurring the 17% interest cost on these notes."
its is still a good thing no matter what . I think they are restricted for 1 year.
lets hope this week we get some good news combined with conversion stoppage.
from the 8k filing
"In addition, Mr. Coates has been providing working capital to fund the Registrant’s operations from time to time since September 2010 in the form of 17% promissory notes. As a result of this transaction, all of the promissory notes will have been paid in full and the Registrant will no longer be incurring the 17% interest cost on these notes."
its is still a good thing no matter what . I think they are restricted for 1 year.
lets hope this week we get some good news combined with conversion stoppage.
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