50 mil bond strategy, page-18

Rumchuck,

I have checked the prospectus and you are right where it states the face value of each bond is $10K. I also checked that the ist agreement back in 2007/08 in case the bonds were valued differently but no they also had a face value of $10K.

I think you may have picked up a Typo error in the first announcement, that has been copied in the second by simply changing the dates.

It should read 30 bonds for a value of $300,000.

Good pick up.

I also noted in the prospectus section 4.3(b) that
"the Convertible Bonds are interest free"
and this could be the reason that if ACBO/DBZ are selling these shares then they are collecting effectively an interest rate return. Rough cut calculation is 7.5% on avg sell of 8.6 cents. Not bad given rates these days.

Regards JJ