Rivulet Media Inc (fka RIVU)

[ADVFN_franknstein]

It is made up to scare potential buyers

I can tell you what is made up to scare buyers and shareholders. From last 10-q

$206,780 due and payable to Starcity Capital LLC (“Note”) bears no interest, is payable on April 1, 2016 and permits conversion at the Holder’s option into common shares of the Company under the following terms and conditions:
The Holder of the Note is entitled, at its option, at any time after 180 days after March 27, 2015 to convert all or any amount of the principal face amount of this Note then outstanding into shares of the Company's common stock (the "Common Stock") at a price ("Conversion Price") for each share of Common Stock equal to the greater of
(iii) fifty five percent (55%) (the "Discount'') of the lowest closing bid price for the Company's common stock during the five (5) trading days immediately preceding a conversion date, as reported by Bloomberg (the "Closing Bid Price") ("Initial Conversion Price") or
(iv) $0.0001.
http://ih.advfn.com/p.php?pid=nmona&article=70214100

$206,780/0.0001 = 2.067.800.000 .... yeah more than 2 billion shares waiting in the wings to be sold til 04/01/2016.

What will be the O/S then and what will happen to the pps? Not hard to imagine.