Game,
I can not find any reference to a $200,000 loan at 1,000%; please provide details on where you read this information in the 10Q.
FYI the follwoing text can be found on page 13 of the Q
15.Subsequent Event
In February 2013, the shareholders loans were exchanged on a dollar for dollar basis for convertible debenture units. Each unit includes a debenture having a term of three years, bearing interest at 10%, and a warrant having a term of three years.The debentures are convertible at any time into common shares of the Company’s stock at a price of $0.25 per share. The warrants entitle the holder to purchase an equal number of common shares of the Company’s stock at a price of $0.25 per share exercisable at any time during the term of the warrant.
Ante