mul news letter , page-42

re: debunk this mr mul director Hm Grant is right, they do owe $2.5 million, mostly bank overdraft but some convertible notes, essentially held against intangible security being intellectual property and goodwill, as they dont have any tangible assets to speak of. They also actually lost about $800k on operations. All a bit fragile, making the the company technically insolvent.

All those in-the-money oppies for employees are also a bit of a worry and one would like to know whether any were exercised and sold in the last couple of weeks. Does this have to be announced?