Thursday January 15,2015 : SEANIEMAC TRADING UPDATE
Irish-targeted online sports betting and casino firm SeanieMac International, Ltd provided the industry with a trading update today following its reinstatement on the OTCQB market as it became current in its SEC filings.

Despite the challenges from the delay of its audit, the company said it has still added “thousands of customers over the past few months”.

Key (unaudited) performance indicators for the full year ending December 31, 2014 include:
Turnover of $10.75 million (2013: $2.95 million), a 364 percent increase.
Gross profit of $643 200 (2013: $222 391), up 289 percent.
Registered 9 336 new customers.
“2014 was definitely a challenging year,” commented Shane O’Driscoll for SeanieMac. “I am extremely proud of our team and think our level of growth for a start-up has been exceptional.”

The below news is what is bringing us record profit right now. We have picked up many quality affiliates. So it is great news. $BETS
http://www.casinocitytimes.com/news/article/seaniemac-launches-affiliate-program-with-income-access-211088
SeanieMac launches affiliate program with Income Access
6 November 2014
SeanieMac International Ltd, a publicly listed online gaming operator based in Kerry, Ireland, has announced the launch of an affiliate program for the company’s online sportsbook and casino brand SeanieMac in partnership with Income Access, a leading technology and affiliate services provider for the iGaming industry. The SeanieMac Affiliates program will migrate to the Income Access platform and will be managed by the company’s in-house team.
SeanieMac, which experienced a 32% quarter-over-quarter rise in revenue in Q2 of 2014, offers players sports wagering on all major global sporting events, including soccer, Gaelic football, horse-racing, tennis, cricket, basketball and hurling. Accessible via desktop computers, tablets and mobile devices and available as a downloadable app in the App Store, the brand features in-play betting functionality.

The Seaniemac website has been growing also which will also bring in more revenue. The link below shows Seanimac added to new casino games to there website just 2 months ago.
http://incomeaccessnetwork.com/brand-new-games-launched-seaniemac-casino/
Dec 5, 2014
SeanieMac is proud to reveal two new games to their casino product! Players can choose to expose themselves to the ELEMENTS: The Awakening or instead walk on the wild side with Go Wild on Safari in the SeanieMac Casino.
Players can take advantage of an enticing £50 sign-up bonus, while affiliates are entitled to a 30-40% tiered revenue share commission for the players they refer.

Seaniemac has already started there new marketing campaign not sure when but the promotions are now inline with the larger competitors. Below is a link to the first time sign up bonus. Why I point this out is Seaniemac was only offering a 25 pound sign up bonus and now they are offering 50 pound starting bonus. So that is great it attracts more customers. Not to mention Seaniemacs rating on this site is pretty high.
http://www.guidetogamblingonline.com/review/seaniemac-sportsbook/

Yes by end of next week this bad boy will be primed and ready to go! BETS

It is not the doom and gloom some are making it out to be anyway. There are solutions to the current dilemma some are not taking into perspective simply because they don't have the capacity to understand. So that being said BETS is far from over IMO

It is possible to get that S1 completed in 30 days and it does happen but I am not sure if BETS is in that circumstance.

After doing a little research it takes about 120 days to complete the S1 in most cases on average. Of course there are exceptions so when the SEC is really busy it can take a max of 6 months. That is why the company used the 6 month number to achieve the credit facility. Some get completed in under 100 days. Never the less we are looking at probably 3-4 months before S1 complete. So we probably have 2-3 months before company can access money. Which makes sense why they were saying they may need more short term loans. Should be interesting what happens over next couple months if they can manage somehow to pay Iliad in cash for the next couple months. Or maybe just convert Iliad for February the company could achieve its PRed plans still. BETS

He claims he never sold them. Even though they may not have entered the float they are still considered part of the float.

Ok I see now very cool it is good to understand that in its entirety. BETS

It explains it here in full detail From the recent 10Q:
We completed the acquisition (“Acquisition”) of Seaniemac Limited (“Seaniemac”), an Irish limited company, on October 30, 2012 (the “Closing”) pursuant to that certain June 7, 2012 Securities Exchange Agreement (the “Exchange Agreement”) with RDRD II Holding LLC, a Delaware limited liability company (“RDRD”), as amended on October 29, 2012 and February 18, 2013. Seaniemac, involved in the business of operating a sports gaming website, was incorporated on December 11, 2011 pursuant to its charter which authorized 100,000 shares of a single class of stock, 100 shares of which have been issued, and 70 of those we acquired from RDRD in the Acquisition. In accordance with the Exchange Agreement, we acquired the 70% equity ownership interest of RDRD in Seaniemac (the “Seaniemac Equity Interest”) in exchange for our issuance to RDRD of 29,719,952 shares of our unregistered Common Stock (the “RDRD Exchange Shares”), amounting to approximately 71% of the then outstanding number (on a fully diluted basis) of our authorized Common Stock after taking into account those certain 10 million post-split Common Stock shares we were ordered by a court in Florida to issue to certain of our creditors in satisfaction of an aggregate $500,000 amount of debt then owed to such creditors (the “RDRD Percentage”).

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10386824
On October 30, 2012, the acquisition was consummated (the “Closing”). In addition, immediately following the Closing, the Company issued 10,000,000 post-split shares of its common stock in accordance with a court order, in exchange for the cancellation of $500,000 of our debt (“Debt Exchange Shares”).

Right OK perfect I like it better now and fully understand it all. I appreciate your help you are the best!! BETS

Summit got 10 million shares in the Florida Court ruling which made it under 40 million shares the total OS and the only float was Summits 10 million shares. There were like 2 million other shares out there which it would take me a little time to track them down but I am pretty sure they were consulting fee shares to someone early on. The Float a year ago was tiny and it did not grow till last summer when our PPS started to decline that is how we were all able to hold a few million shares last summer and the only way. Other wise the float was non existent pretty much.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9465912
On October 30, 2012, we acquired a 70% equity ownership interest (the “Seaniemac Equity Interest”) in Seaniemac Limited, an Ireland corporation (“Seaniemac”) from RDRD, an affiliate. Seaniemac is in the business of operating a sports gaming website. In connection with this acquisition, we issue to RDRD 29,719,952 shares of our unregistered common stock which, following such issuance, was approximately 71% of our then outstanding shares of Common Stock.

Yes with current volume they could access $200K at once every 20 days it seems. But of course by the time the loan takes affect volume could change we will see I suppose. BETS

There were I believe 42 million shares after the old RS and court ruling 30 million owned by RDRD and 10 million owned but Summit according to the Florida Court Ruling. I have to go back and look at old filings to figure out all the exact totals. Summits shares were part of the float though BETS

Ok for the whole $5 million line of credit we should see a filing for the reserve of those shares at that 6 cent price the mentioned then? BETS

Yeah I was just reading the 8K filed and the terms. The parts I was trying to figure out I highlighted below and why I mentioned the 13G for Summit.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10437110
Pursuant to the terms of the Investment Agreement, from time to time during the Open Period (as hereinafter defined), but no more than once every 20 trading days, the Company may, in its sole discretion, deliver a drawdown notice to Summit indicating the dollar amount of the shares which the Company intends to sell to Summit on the closing date. The “Open Period” means the period beginning on and including the trading day immediately following the effective date of the Registration Statement and ending on the earlier to occur of (a) the date which is 48 months from the effective date of the Registration Statement, or (b) termination of the Investment Agreement. The maximum amount that the Company shall be entitled to drawdown shall be the lesser of (i) $200,000,[/b] or (ii) 200% of the average daily trading volume of the common stock during the 10 days preceding the drawdown notice, so long as such amount does not render Summit a holder of more than 4.99% of the Company’s outstanding shares. The price per share shall be equal to 90% of the average of the two lowest closing bid prices of the Company’s common stock during the five consecutive trading days prior to a drawdown.

Pursuant to the terms of the Investment Agreement, the Company agreed to pay Summit a commitment fee equal to 0.25% of each drawdown amount. In addition, the Company agreed to pay $5,000 of Summit’s legal fees with the first drawdown. The Company also agreed to cause its executive officers, directors and other related parties under control of the Company to refrain from selling Company common stock during the five consecutive trading days prior to a drawdown.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9186471
RDRD holds 29,719,952 and Arnold holds 10 million. Arnolds 10 million shares where the only float a year ago. I believe there were only 2 million free trading shares year ago. Not sure who owned the 2 million. BETS

One more question? I know you don't like to speculate but what do you see the current chances of BETS drawing down form Summit line of credit to pay Iliad is cash every month rather then shares? I am just working in my mind how they would actually achieve an AS reduction and not max out the AS in the first year. So I am looking at how that might be done. But the important thing IMO is that the PPS has a chance to breath without dilution that is the only way the company can increase the PPS and maintain value IMO. BETS

Also it seems to me the company is waiting for the toxic debt notes to be down before the filings for the new Summit loan to take affect. What do you feel about that? Do you think there is a logical reason why the company would want to convert the last of the toxic notes before starting the new Summit line of credit? BETS

Thanks for the reply. I have a question for you and I just posted in it. I know I contacted Chuck Arnold in the past and he had claimed he still holds his 10 million shares he got over a year ago via Summit.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9126334
So according to the new Summit loan agreement it says when the company draws down that Summit can only hold 4.9% of OS so if we see another SC13G out of Summit this would seem to be a good sign IMO. Do you see this scenario as being feasible? BETS

What would really be nice is if we see a filing 13G for Summit that they hold more then 5% then we know they are not converting. I would not doubt if we see a 13G form out of Summit when the loans start being drawn from. I will try and contact Arnold next week on this subject and see if I can get a reply.
They did file a 13G before so I believe Arnold when he says he is still holding the 10 million he got over a year ago. Below is the filing showing Arnold was a large holder shares.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9126334
The Summit agreement on the draw down was they could not hold more then 4.9% of the OS so if we see the 13G we can assume Summit maybe collecting there shares for a later date. BETS

This is an important piece from the filing below:
http://ih.advfn.com/p.php?pid=nmona&article=65288171
Also on January 28, 2015, the Company entered into a registration rights agreement (the “Registration Rights Agreement”) with Summit, pursuant to which the Company agreed to use all commercially reasonable efforts to file, within 30 days of the date of the Registration Rights Agreement, with the Securities and Exchange Commission (the “Commission”) a registration statement on Form S-1 covering the resale of the shares issued or issuable pursuant to the Investment Agreement, the Commitment Shares (as such term is hereinafter defined), any shares of capital stock issued or issuable with respect to such shares of common stock, if any, as a result of any stock split, stock dividend, recapitalization exchange or similar event or otherwise which have not been (i) included in the Registration Statement or (ii) sold under circumstances meeting all of the applicable conditions of Rule 144 under the Securities Act of 1933, as amended. The Company agreed to use all commercially reasonable efforts to have the Registration Statement declared effective by the Commission as soon as practicable, but in no event later than 90 days after the date of the Registration Rights Agreement (the “Effectiveness Deadline”).

So that being said we could have news as early as next week of the filings being complete and loan being ready for access.

Chuck Arnold who is in charge of investor relations and his contact info is at the end of the PRs is the lender behind Summit Loan. He is closely tied to Seaniemac as a shareholder and head of IR. The initial float a year ago that was 10 million are the shares held by Summit. Summit received those 10 million shares at .12 cents Arnold has claimed many times he still holds his 10 million shares in Seaniemac via summit and he got them at .12 cents. So now I feel it is great we will only have one lender Summit because Chuck Arnold is investing in this company heavily for a reason it is because it has a strong chance of success now it has proven to be profitable and still growing. IMO we could not get a much more friendly lender then Summit because Arnold wants to see the PPS of Seaniemac rise. So all will be fine IMO BETS

I feel we have a solid winner. Worse case scenario is we have one more month of Iliad conversion before they arrange a full payment with them. That is included in my 400 million OS. If Iliad does not convert one more month then we will be well below 400 million shares IMO BETS

Yes the company would not even hold toxic debt if they were not audited. Boylesports is a billion dollar company and Boylesports is who rans all our numbers as Seaniemac is a franchise owner. This is why another reason Seaniemacs overhead is lower is because all the fees are included in the services with Boylesports including software, accounting and customer service. Anyway when Seaniemac got audited there first year in business it caused a lot of trouble because they got behind on there filings. Once they got behind on filings they could no longer secure any quality financing. Without recent numbers of growth and being SEC compliant no quality lender would lend to them. The reason they got behind on filings was because I believe it took like 2 months for Boylsports to open there doors for an outside audit. So 2 months is a long time so once they become behind on one filing they become behind on the next filing. It cost Seaniemac a lot of money in fines, accounting fees for audit and not to mention becoming behind on payments of debt. So once they finally caught up on filings it was already to late most of the toxic lenders they had borrowed from had already exercised there right to convert. There was no stopping those conversions once they started. Now Iliad Seaniemacs long term loan which is $37,500 every month for the next 7 months. We acquired the Iliad loan about a year ago and it is a friendly loan with conversion options meaning the Iliad note can be paid off. Never the less the company a year ago PRed that they paid a toxic debtor Asher in full in cash and when they did they used there new friendly Iliad loan to pay the toxic Asher loan so they could not convert. So from the beginning they were trying there best to avoid conversions and set up loans with low interest rates and friendly terms. The audit is what caused BETS to take on bad debt. Since the company paid of Asher before they converted it only makes sense they will pay off Iliad with the new loans and only have one lender they owe. This way we stabilize in OS below 400 million shares and that AS reduction to 850 million shares will be completely feasible especially as the PPS rises from no dilution and the market cap starts to recover to were it should. Especially with record profit. $BETS

Lets see what next week brings us. BETS

Yes IMO your entry is great. I hold shares at that price also. Seaniemac has revenues, they have growth and by the looks of last months January record profit shows us that the companies profit margin is growing significantly also. IMO the profit margins will keep increasing because management has become wiser and they know what marketing promotions work and which ones don't so marketing money will be spent wisely IMO. I have already seen this company pay off toxic debt in cash to save there share structure so I see no reason why they would not do it again. Especially when they PR that is there plan to do so. I have never seen the company issue a fluff PR. Last year we were lucky to get 1 million volume in a month so BETS was hardly even known and mainly because there was not a trading float really so the PPS was volatile because the float was to low. When I first bought this company the float was like 12 million shares and only 2 million of those 12 million were trading. So no one could really own BETS. We see Monday was record volume and that is significant especially when the share volume on that day was more then half the float it was significant. Seaniemac is now more known the accumulation is still off the wall. If you put the possible news to come of AS decrease and debt restructuring and combine it with recent record volume and high daily volume. Then look at the future knowing they have funding this will increase revenue. The fact they have money to do a full year of marketing I feel they have they opportunity to double there revenues and profit this year. That being said we will see what happens $BETS

That is the logic I use. We will see. BETS

Summit I agree seems to be a supporter of the success of BETS

My TA response this morning was no change to the OS and ANIA I believe got the same response. Someone else posted a TA response with only 7 million shares added. Then later someone posted there own rounded response which was 346 I believe total. So we will see Monday.

Yes Arnold had told me he was holding the initial 10 million and he had not sold and the price of his shares where .12. Never the less all we can do is wait and see. I was very happy with my buys today and feel confident all will work out one way or another! BETS

No the TA was probably already gone for the day by the time I reached out to them. Lovethatgreen seemed to have a confirmed OS something like 346 i believe. But I will have to wait till monday to confirm most likely. BETS

Buying tickets here at this price and time is wagering on what decisions the company will make. They PRed an AS decrease for a reason they also PRed they are looking to pay off old debt with new loans. That being said when you put the two PRs together it only equals Iliad gets paid in full on the under $300K in what is owed to them. The company reduces AS because it no longer requires to pay Iliad in shares. The OS stabilizes around 400 million or less for a few months they release a string of other good news other then what I already posted as far as record profit. Then PPS can recover and by the time new loans are due we can possibly deal with paying loans off in cash or at least converting at a much higher PPS and requiring less shares to give out. If the above scenario does not happen as planned then the investment is not as lucrative as I would like it to and expect it to be. All there is to it BETS

http://ih.advfn.com/p.php?pid=nmona&article=65322755
The PRs below are what I refer to:
Our intention would be to use this credit facility tor repay those loans before the maturity date.

http://ih.advfn.com/p.php?pid=nmona&article=65588561
SeaineMac International Ltd. announced that in an effort to maximize shareholder value it will seek shareholder approval to reduce its authorized shares from 2,000,0000 to 850,000,000.

Iliad Lender is a relatively friendly lender however $37,500 converted every single month for the next 7 months would not only at least double the current OS but IMO would tank the current PPS also. If the PPS keeps dropping the Iliad note alone could be 100s of millions of shares as the conversions would be at lower prices and requiring more shares. The other three that were converting were the ones that need to be pushed out of the way IMO before we get any major news. If the company does not solve the Iliad issue there is no way in hell they can do an AS decrease all there is to it. BETS

24 million shares explains the sell pressure today and the volume so that makes sense. Good to see more shares gone!! BETS

It was up only 7 million shares this morning. So that plus a 5% conversion makes the difference. BETS

No one knows if summit is converting or when so that is all nothing to talk about. BETS