aug 9, 2012 - 8/9/12
Email from Kime to Levine explaining he "learned
that the accountant had made an S Election for
I-Dea Holdings. Ass a result our preferred stock
does not work." .... "I think the cleaner and better
approach is to convert I-Dea Holdings Inc. into an
LLC and create a class of units that mirrors the
preferred stock described in the PPM."