SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : CSGI ...READY FOR TAKE-OFF!
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: angel who wrote (2012)1/6/1998 3:06:00 PM
From: tech  Read Replies (1) of 3391
 
NO NEED TO ASK TED, IT CLEARLY SHOWS YOU HOW MUCH THE DEBT IS.

Of the estimated 2,898,986 shares of Common Stock offered hereby, an estimated 211,416 shares are being sold by the Company upon conversion of $1.0 million in convertible notes and 2,687,570 shares are being sold by the Selling Stockholders. The only proceeds to the Company upon conversion of the outstanding convertible notes will be the discharge of $1 million of long-term debt.

ONLY $1 MILLION IN DEBT. WHY DID YOU LIE AND SAY THE COMPANY WAS SELLING "MILLIONS OF SHARES" TO PAY LONG TERM DEBT ?

EVEN AT $4.00 PRICE IT WOULD ONLY BE 250,000 SHARES.

IT IS BENEFICIAL TO THE COMPANY TO PAY LONG TERM DEBT IN STOCK RATHER THAN OUT OF THEIR CASH RESERVES.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News