Did you people not read the proxy forms.In repect to the convertable note on current price,with each draw down of 1 million the pacific ltd gets 7-9 million shares. Add it up for the 20 million shares at the current price pacfic gets a total of 20x7-9 million shares,equal to 140 million to 160 million shares THAT MY FRIENDS IS A DILUTION OF HALF THE COMPANY. They have sold half the company, you dont have to be einstein to work this one out read the proxy its there in black and white. In respect to RJ options this is made so his shares in the icon are not diluted but everybody else who are share holders are. In respect to favourable terms how is 11% and half the company favourable. Its seems I have over estimated the people on this site as you are all about to get stuffed up the bum, but not rj he will still hold the same non diluted shares be it in a non existent company.And finally 11% ask yourselves one question NO CASH FLOW.HOW DOES THE COMPANY PAY THIS-UNDER THE CONDITIONS OF ALL CONVERTABLE NOTES PACIFIC CAN COME IN ASSUME CONTROL IF ICON DOES NOT DO THERE JOB WHICH INCLUDES PAYING THEM BACK.
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