TheDirectory.com, Inc. (SEEK)

[Carini]

None of that matters. THERE ARE 5+ BILLION SHARES OUTSTANDING. THERE ARE 30 BILLION SHARES AUTHORIZED TO BE ISSUED.

SG has made clear that he will continue diluting until SEEK is debt free. Q4 financials will let us know, but last count he had another $1.3 million to make investors pay off in shares.

Very soon the conversions will be taking place sub-.0001

VFIN, VNDM, MAXM and the rest will be sitting on the ask at .0001 with hundreds upon hundreds of millions of shares that they got for .00005 and lower. Eventually nobody will buy those .0001's and it will be time to reverse split, if he doesn't do it before that point.

Again, NONE OF SEEK'S BUSINESS "ACCOMPLISHMENTS" MATTER with the current share structure.

If by some miracle SEEK were to get a buyout offer for $10MM, when you spread that over 30 billion shares you get a buyout price of .0003 per share. Whoopity-doo.

SG makes out great. The people who paid his debts to keep his flailing business afloat get screwed.

But hey, great "shareholder equity" numbers last quarter eh?