Seaniemac International Ltd (fka BETS)

[lovethatgreen]

The Company is looking for additional short-term financing with a payback window of 6 months that it can access prior to effectiveness of the registration statement relating to the shares issuable in connection with the investment agreement. The Company expects to repay the short-term loans with proceeds from the sale of common stock pursuant to the investment agreement. These short-term instruments will allow the Company to begin accelerated marketing efforts immediately.

that has nothing to do with the current convertibles and its laughable to think so imo

the company expects use the draw to pay for the short term loans they are newly seeking just to survive till they get to the draw..lollol

has zippo to do with the 4 loans outstanding presently