Post by
bond46 on Jul 10, 2013 10:43pm
correction
Cline would have to issue 2billion shares in case Marret decided to convert the 10million dollars into equity at 0.005 and not 200million as was stated in the previous blog. That would definitely wipe out all current shareholders. Let us hope they will not have to do it and things will turn around by the time the next bond interest payment is due in 6-months time and Marret get their money and go. We'll see.
Comment by
riverrocks on Jul 11, 2013 7:30am
If they did that and this was the plan to take this privet , then hats off to them. This would mean from the beginning this whole deal was a scam. Let's hope not . It still would be nice is someone from cline would return an email. I have sent so many not even a reply back.
Comment by
riverrocks on Jul 11, 2013 7:39am
I guess if they wanted to they could pull the plug right now? Or do they have to wait 6 months?
Comment by
xo42 on Jul 11, 2013 9:05am
I believe they can do it now or later. If things go well as bond suggests why wouldn't marret convert it into equity down the road? They have full flexibility.