TheDirectory.com, Inc. (SEEK)

[Carini]

I don't think they "took a position," they just converted more existing debt into shares.

Note how all of the 10G's they've filed say this:

* On the date of the event which requires filing of this Statement, reporting person Typenex Co-Investment, LLC (“Typenex”) has rights, under a Convertible Promissory Note and a Warrant, to own an aggregate number of shares of the Issuer’s common stock which, except for a contractual cap on the amount of outstanding shares of the Issuer’s common stock that Typenex may own, would exceed such a cap. Typenex’s ownership cap is 9.99% of the Issuers outstanding shares. Thus, the number of shares of the Issuer’s common stock beneficially owned by Typenex as of the date of this filing was 846,256,364 shares, which is 9.99% of the 8,471,034,676 shares that were outstanding on that date (as reported in the Issuer’s Form 10-Q filed on July 20, 2015).

In other words, they actually have a right to convert WAY more shares they just can't to stay under the 9.99% cap.

I doubt FIFE gave SG any more money. He more likely just converted existing debt into more shares. But hey, could mean a pump coming. Gotta dump those 800MM somehow right!

And then, when he converts his next batch, he'll file another Form 10G/A that says he hold 950MM shares of the 9.5B O/S, and people will say "Whoa! Fife bought 950MM shares!!!" when actually SG just turned on the printing press for him...