Crazy story. Sounds like more will be revealed.

Joseph Riad could easily shatter that record if more companies acquiesced to his overtures.

The 10Q has a full list of lenders with the corresponding amounts owed to each one.

XTRN 1:10000 Las Vegas Railway Express. Common Stock

ECOC 1:5000 Ecology Coatings, Inc. Common Stock

CAFE 1:10 Cafe Serendipity Holdings, Inc. Common Stock

UNQT 1:1500 Union Equity, Inc. Common Stock

Well, they had better find a major source of financing quickly then. The 6 month window is opening now and, a lot of debt will be eligible for conversion at onerous discounts over the next 6 months. Lenders almost always opt to begin converting after the 6 month period is over. The discount is how they make their money.

Even if FONU finds a fresh source of funds, without looking at the financing agreements, I'm not sure that it would matter. Depends on whether prepayment is an option.

Absolutely horrific terms. Any terms necessary to raise cash it appears.

Watching the loyal Savannah believers buy in the high .02s is sadly bemusing. Apparently they really don't understand what is going to happen. Unfortunate.

CSBR 1:12 Champions Oncology, Inc. Common Stock

RLMD 1:5 Relmada Therapeutics, Inc. Common Stock

It wasn't any worse than the preceding quarter. All of this is well telegraphed.

They aren't hiding the inevitable dilution spiral, some just choose to ignore it. Which, is their right to do. Jake may present a rosy picture to the general media but, he isn't varnishing the truth in the filings.

I'm still amazed at the idea that Applebox will solve all ills for shareholders. Those that believe that clearly do not understand why toxic financiers do what they do or how they make money off toxic CDs.

I have no doubt that when the bills start coming due in the form of conversions, people will be blaming shorts while insisting that a negative sentiment is hurting shareholders. Jake isn't hiding what is coming, it should be no surprise to all when it occurs.

All one has to do is read FONU's SEC filings. Perhaps the IDA board should do that.

I'm still curious as to how the lease agreement was transferred to FONU from MDNT under the terms of the initial lease agreement.

But, I disagree with many. I don't think that Jake is scamming anyone. People, including many otherwise brilliant individuals in Savannah are more than happy to invest into a coming dilution nightmare.

Fine with me, enjoy the buffet!

Provided by even more issuance of convertible debentures. Jake is doing what he does best.

The balance sheet is now thoroughly bloated with toxic debt. A job well done.

I'm not sure that some "hedge funds" these days understand the term either lol. The inevitable blow ups often expose strategies that in no way mirror the meaning of the term.

Personally I find the concept of a pure market neutral hedge fund to be ridiculous but, I suppose it sounds good in theory even if in practice they are largely nothing but fee generating machines.

You would think that the NSS guys would at least look at the short biased funds and their travails of the last few years when formulating their asinine theories.

Hedge funds always make attractive targets as they seem like arcane organizations full of immeasurable powers to the average guy. They seem to be of the opinion that hedge funds all work together amicably while the poor individual investor pays the price. I still haven't figured out why they ever buy or trade anything if they truly believe in the conspiracy.

Apparently they do not follow the miserable gross returns that permeate most of the hedge fund universe.

2 18 41 47 please, thank you.

2 18 41 please, thanks.

NWCN 1:15 Network CN Inc. Common Stock

I'm not exactly sure why so much focus is put on Curt Kramer by this board. While his note had the worst terms, it is by no means the largest. In fact, it is among the smallest in $ terms.

He'll make a lot of money off of it though. Massive.

Shareholders should be absolutely appalled at the terms given him. Very strange that Jake would acquiesce to terms like that on a small note. I'm surprised that no one has questioned him about why he did so.

I would love to know who the seller was on June 2 when it appeared like the intention was to print the lowest prices possible quickly in a flash crash manner. A very curious coincidence indeed.

DALT 1:1000 Dalton Industries Inc. Common Stock

CSBR 1:12 Champions Oncology, Inc. Common Stock

NAKD 1:40 Naked Brand Group, Inc. Common Stock

FIGO 1:20 FIGO Ventures, Inc. NEW Common Stock

He already converted the maximum amount of the note that he could without going over the 9.99% threshold indicating that FONU was in default already. Those shares will lose their restrictive legend at that time yes. He can then convert again. Probably not at as good of terms that this tranche received but, it all depends on how the market absorbs his selling. While I have never known a toxic financier to hold on after he/she could sell, there is always a first time for everything lol.

There are others that might begin converting and selling before he is able to even though his time is rapidly approaching.

Either way, the public float utopia that FONU shareholders have enjoyed for the last 6 months, is quickly coming to an end.

The bills are starting to come due.

I suspect that we'll start seeing a few more 13G filings in the coming days and weeks.

APHB 1:50 Ampliphi Biosciences Corporation Common Stock

Until they slip up and get free secure housing for a number of years.

Option time and sales with corresponding bid/offers at the time of all trades can be quite revealing sometimes.

It would perhaps help those using LOD as a reference point to stay above when entering "trades", go about it a little differently.

HRAL 1:500 Hear AtLast Holdings, Inc. Common Stock

Perhaps you meant January 2016?

I found the segment to be hilarious. Apparently no one at Fox Business looked at FONU financials and the MDNT fiasco prior to having him on.

For a company that desperately needs capital, it sure is never advertised that way. Seems like every media interaction presents the project as fully funded without actually saying it. Full steam ahead!

He certainly knows how to put on a brave front in the face of shareholder annihilation. Good for him.

APGR 1:7 Anpath Group, Inc. Common Stock

The next month should be quite interesting.

Coventry Enterprises
Union Capital
Magna Securities
Vis Vires Group aka Curt Kramer

These entities hold the fate of FONU shareholders in their hands.

Will they be gentle?

September adds a two more names to the list.

LG Capital Funding
Carebourn Capital

So, is FONU finally gaining traction?

SFOR 1:1000 Strikeforce Technologies, Inc. Common Stock

4 18 24 78 please, thank you.

4 48 78 please, thanks.

It is very difficult to run a profitable movie studio even with major financial backing. FONU is trying to beat difficult odds using death spiral financing. I'm sure that Jake has the secret sauce though...

After all, creating shareholder value is his primary objective.


http://www.nytimes.com/2015/07/31/business/media/relativity-media-files-for-bankruptcy-protection-hoping-to-sell-itself.html

VIBE 1:2000 Vidable, Inc. Common Stock

PFSF 1:10 Pacific Software, Inc. Common Stock

ACUC 1:5 American Uranium Corporation (NV) Common Stock