TheDirectory.com Inc (SEEK)

[BurntNAlive]

Absolutely, Here is what I am hearing from a friend about this type of action taken by a company to raise number of OS (it is a positive development):

1) The company(SEEK) wants to acquire a large company and uses shares to take that step. This is very good step as someone is ready to give money to SEEK in order for SEEK to acquire the company or the other company is fine with a share deal.

2) The company (SEEK) has a larger investors/investment company who is helping SEEK to acquire a company and ask SEEK to increase the shares in order to sell them the share to take ownership in SEEK as well the company the investor is helping to buy.

3) Funds needed for fast growth or important development happened where a large sum of money could take this company to next level and funds are already available to SEEK's disposal in order to take such an action and thus a sudden increase in number of OS.

4) Estimated value of such investment or company to be acquired is going to be around $15-50 million looking at the size of the OS increase. We don't know the details and we will soon find out.