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PICKS for FRIDAY......everybody !!
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[QUOTE]Originally posted by gemseeker: [QB] Beware of GLIF Have you read this from their filings On June 14, 2005 we sold $700,000 of convertible debt in a private placement as part of an agreement to sell $2,000,000 of convertible debt which will be funded as certain milestones are met as described in Part II, item 2. On August 18 th and August 30 th , the remainder of the convertible debt was sold per the agreement. Currently the number of authorized shares is insufficient based on the current conversion rates of the $2 million of convertible notes. The Company intends to seek shareholder approval for an increase in authorized common shares at an annual meeting tentatively planned to be held in early 2006 . Its a Trap to Dump. Play safe [/QB][/QUOTE]
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