DealerAdvance Inc. (DLAD): By the way, please don't fight with each...

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investor99

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Sunday, 11/25/2007 11:25:37 PM

Sunday, November 25, 2007 11:25:37 PM

By the way, please don't fight with each other. It's actually a good thing to get this out in the open and to clarify everything for everyone. I want to run a clean and honest board.

Ok, give me a minute and I will continue to post more info. All very good imo.

Just to recap, he did erroneously add the 10 million from the s8 in september that was already included in the 10Q 100 mil count. He did agree that he said 130 million cause he thought 100 million plus the september s8 (10 million restricted stock options), 15 million s8 (stock bonuses 7.5 mil restricted shares, and 7.5 million for consultants who they are working with to enter the european market). This came to approximately 125 million and he just rounded to 130 million. So, yes he did tell a couple of people 130 million. But it is, in fact 115 million, of which approximately 18 million of those are restricted of the recently issued shares in september and novemember S8s. The percentage of total restricted is around 35%.

I will post more about this shortly, but they are extremely concerned about dilution and they don't envision any large dilution ever. I will continue in a couple of minutes.