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no level 2 for me
we already moving north up 15 percent at .011...sweet next .05 cents then who knows
we need a great news release last one was march of last year..long time to say nothing barry shane,,,
we need to smack the ask now,, move this thing up,,
just got home glad to see they made 10q great job all up to date dec 31 2014,,,that was a lot of paper work to do to caught up...happy new year I was off on the .025 share price but its just around the corner,,happy new year to all..got to go..go bets
we need some ask smacking to get this thing rolling :)
they all have to get on the landing strip before they can take off,,looks like they rolling bets out..just need to light the ignition
charts are showing we are coming out of that big hole ,,northbound sweet,,just .014 to go to reach .025,,,buy buy buy
will bets file its 3rd qtr 10q before dec31 2014,,just 1 more day to reach .025 buy buy buy...
get ready dec 31 bets will be at .025 11 am start your engines,,
nobody want to sell at a loss and nobody want to buy want lower price to get in,,,will bets speak up or stay dormant..lets hope not...
will bets file qtr 3 before dec 31,,then they will be up to date on filings... I still say .025 dec 31 at 11 am..glta,,
drug lost money on bets,,,
bets gave ibc 20 mill shares ,,what next redwood ,,sean gave up..he knew it happening all over again then the next 10q will show it all...they will need a loan or share count will be up up up,,lets see what barry and shane has to say,,, everyone have a happy Christmas and happy new year last post this year going to take a brake from investorhub.com boards glta see u all in 2015 lets hope its not like 2014,,,glta
On September 4, 2014, Sean McEniff resigned as Chairman, President, and a member of the board of directors of Seaniemac International, Ltd. (“us,” “our,” or “Company”). There were no disagreements between us and Mr. McEniff as to our operations, policies (including accounting or financial policies), or practices
On March 3, 2014, the Company entered into a Securities Purchase Agreement with Redwood Management, LLC. (“Redwood”), for the sale of a 10% convertible debenture in the principal amount of $75,000 (the “Note”). The financing closed on March 3, 2014. The total net proceeds the Company received from this Offering was $75,000.
The Note bears interest at the rate of 10% guaranteed interest regardless of how long the debenture is outstanding. All interest and principal must be repaid on September 3, 2014. The debenture is convertible into common stock, at Redwood’s option, at a 50% discount to the lowest trading price of the common stock during the 20 trading day period prior to conversion.
look like bets got cash now we will will see what they spent in on for 2015..they have 3 months left..
On December 2, 2013 (“Issuance Date”) the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) with Iliad Research and Trading, L.P. (“Iliad”). Pursuant to the Purchase Agreement, the Company issued to Iliad a Secured Convertible Promissory Note (the “Note”) in the original principal amount of $667,500 (the “Purchase Price”) which Note bears interest at 8% per annum and is compounded daily. All outstanding principal and accrued interest on the Note is due and payable on the maturity date, which date is 23 months from Issuance Date of the Note (the “Maturity Date”). Net cash expected will be $607,500, net of original issue discount of $60,000.
The initial cash purchase price of $202,500 (which amount is net of the pro-rata portion of original issue discount of $20,000 and certain transactional expenses of $5,000) was received by the Company on the issuance date and (ii) the balance of $400,000 shall be received no later than the Maturity Date, as evidenced by four separate $100,000 promissory notes issued by Iliad to the Company.
Beginning six months after the Issuance Date and continuing for each installment date thereafter, the Company is required to make monthly principal payments under the Note of $37,083, plus any accrued and unpaid interest as of the installment date. Any installment payment may be either cash or shares of Common Stock, at the election of the Registrant.
The Company also issued Iliad five years warrants to purchase 2,019,231 shares of the Company’s common stock on December 2, 2013. These options were valued at $23,625 using the Black-Scholes option pricing model with the following values: risk free interest rate of 1.5%, volatility of 26.01538% and strike price of $0.12 and was amortized to interest expense during the six months ended June 30, 2014.
At any time after 180 days from the Issuance Date, the Note is convertible into shares of the Company’s common stock, at the option of the Note holder, at a conversion price of $0.12 per share, subject to adjustment downward under certain circumstances defined in the Note. At December 31, 2013, the Company has reserved 16.67 million shares of authorized but unissued common stock in accordance with the terms of the Note. The Company has agreed to reserve these shares until all of the Company’s obligations under the Note are paid and performed in full and the warrants are exercised in full or otherwise expired. The Company may prepay part or all of the Note at any time, provided that any prepayment is subject to a 25% penalty on the amount prepaid.
The Note is subject to various default provisions, including as a result of a failure to make an installment payment by the due date, a failure to deliver shares when required under the Note, or a breach of covenants in the Note and Purchase Agreement, among others. Upon an event of default, the Note accrues interest at the default rate of 1.83% per month (or 22% per annum), compounding daily. The Company is in default on this loan as of June 2, 2014 as a result of failing to make the required installment payments, as well as a result of the Company’s failure to timely file its annual reports with the SEC. Accordingly, the total principal due Iliad of $227,500 is classified as a current liability.
The Company has identified the embedded derivatives related to the above described debenture. These embedded derivatives included certain conversion features and reset provisions. The accounting treatment of derivative financial instruments requires that the Company record fair value of the derivatives as of the inception date of the Notes and to fair value as of each subsequent reporting date.
On June 3, 2014 (180 days from Issuance Date), the Company determined the aggregate fair value of $443,169 of embedded derivatives. The fair value of the embedded derivatives was determined using the Binomial Option Pricing Model based on the following assumptions: (1) dividend yield of 0%; (2) expected volatility of 224.54%, (3) weighted average risk-free interest rate of 0.41 %, (4) expected life of 1.42 years, and (5) estimated fair value of the Company’s common stock of $0.0394 per share.
The determined fair value of the debt derivatives of $443,169 was charged as a debt discount up to the net proceeds of the note with the remainder of $240,669 charged to current period operations as non-cash interest expense.
The amortization of debt discount for the three and six months ended June 30, 2014 was $6,466 and $9,549, respectively, which was accounted for as interest expense.
2. Redwood Note
On March 3, 2014, the Company entered into a Securities Purchase Agreement with Redwood Management, LLC. (“Redwood”), for the sale of a 10% convertible debenture in the principal amount of $75,000 (the “Note”). The financing closed on March 3, 2014. The total net proceeds the Company received from this Offering was $75,000.
The Note bears interest at the rate of 10% guaranteed interest regardless of how long the debenture is outstanding. All interest and principal must be repaid on September 3, 2014. The debenture is convertible into common stock, at Redwood’s option, at a 50% discount to the lowest trading price of the common stock during the 20 trading day period prior to conversion.
F-12
The Company has identified the embedded derivatives related to the above described debenture. These embedded derivatives included certain conversion features and reset provisions. The accounting treatment of derivative financial instruments requires that the Company record fair value of the derivatives as of the inception date of the Notes and to fair value as of each subsequent reporting date.
At the inception of the Redwood debenture, the Company determined the aggregate fair value of $109,741 of embedded derivatives. The fair value of the embedded derivatives was determined using the Binomial Option Pricing Model based on the following assumptions: (1) dividend yield of 0%; (2) expected volatility of 184.71%, (3) weighted average risk-free interest rate of 0.08 %, (4) expected life of 0.50 years, and (5) estimated fair value of the Company’s common stock of $0.065 per share.
The determined fair value of the debt derivatives of $109,741 was charged as a debt discount up to the net proceeds of the note with the remainder of $34,741 charged to current period operations as non-cash interest expense.
The amortization of debt discount for the three and six months ended June 30, 2014 was $37,092 and $48,505 which was accounted for as interest expense, respectively.
3. LG Capital Note
On April 1, 2014, the Company entered into a Securities Purchase Agreement with LG Capital Funding, LLC. (“LG Capital”), for the sale of a 10% convertible note in the principal amount of $40,000 (the “Note”). The financing closed on April 1, 2014. The total net proceeds the Company received from this Offering was $40,000.
The Note bears interest at the rate of 10% per annum. All interest and principal must be repaid on April 1, 2015. The debenture is convertible into common stock, at LG Capital’s option, at a 58% discount to the average two lowest trading prices of the common stock during the 20 trading day period prior to conversion.
The Company has identified the embedded derivatives related to the above described note. These embedded derivatives included certain conversion features and reset provisions. The accounting treatment of derivative financial instruments requires that the Company record fair value of the derivatives as of the inception date of the Notes and to fair value as of each subsequent reporting date.
At the inception of the LG Capital note, the Company determined the aggregate fair value of $51,263 of embedded derivatives. The fair value of the embedded derivatives was determined using the Binomial Option Pricing Model based on the following assumptions: (1) dividend yield of 0%; (2) expected volatility of 205.52%, (3) weighted average risk-free interest rate of 0.13 %, (4) expected life of 1.00 year, and (5) estimated fair value of the Company’s common stock of $0.0471 per share.
The determined fair value of the debt derivatives of $51,263 was charged as a debt discount up to the net proceeds of the note with the remainder of $11,263 charged to current period operations as non-cash interest expense.
The amortization of debt discount for the three and six months ended June 30, 2014 was $9,863 which was accounted for as interest expense.
4. WHC Capital Note
On April 4, 2014, the Company entered into a Securities Purchase Agreement with WHC Capital, LLC. (“WHC Capital”), for the sale of a 12% convertible note in the principal amount of $32,000 (the “Note”). The financing closed on April 4, 2014. The total net proceeds the Company received from this Offering was $32,000.
The Note bears interest at the rate of 12% per annum. All interest and principal must be repaid on April 4, 2015. The debenture is convertible into common stock, at WHC Capital’s option, at a 58% discount to the lowest trading price of the common stock during the 10 trading day period prior to conversion.
The Company has identified the embedded derivatives related to the above described note. These embedded derivatives included certain conversion features and reset provisions. The accounting treatment of derivative financial instruments requires that the Company record fair value of the derivatives as of the inception date of the Notes and to fair value as of each subsequent reporting date.
At the inception of the WHC Capital note, the Company determined the aggregate fair value of $56,273 of embedded derivatives. The fair value of the embedded derivatives was determined using the Binomial Option Pricing Model based on the following assumptions: (1) dividend yield of 0%; (2) expected volatility of 205.08%, (3) weighted average risk-free interest rate of 0.11 %, (4) expected life of 1.00 year, and (5) estimated fair value of the Company’s common stock of $0.06 per share.
The determined fair value of the debt derivatives of $56,273 was charged as a debt discount up to the net proceeds of the note with the remainder of $24,273 charged to current period operations as non-cash interest expense.
The amortization of debt discount for the three and six months ended June 30, 2014 was $7,627 which was accounted for as interest expense.
F-13
john do you think bets would have been dormant like has for the last 9 months,,we all bought way to soon ,,..
everybody is Christmas shopping good for them,,,may everyone have a great xmas,,
only 14 days and 2014 will be over,,and bets nightmare of 2014 will end...then 2015 will bring new light to bets,,if not we all know what will happen,,,plus that 100 share buy is huge,,,lol
it has been tax selling all year ..365 days in 2014. lol
here a movie for everyone to see,,
The Wolf of Wall Street
on netflix
maybe .05 cents to 10 cents..hard to see 50 cents to 1 dollar but you never know
Management intends to finance operating costs over the next 12 months with existing cash on hand, loans from stockholders and directors, and a possible private placement of our securities. No stockholder, director, or possible private placement participant has agreed to loan us any funds nor agreed to purchase any of our securities. The Company is currently in negotiations with a potential investor to purchase shares of our common stock. Although we can give no assurance that the transaction will close, the parties are working toward finalizing an agreement in the fiscal quarter ending December 31, 2014. If the transaction is consummated, we expect to use the proceeds from the sale of common stock to the investor to partially fund our operating costs. The Company continues to explore various financing alternatives, including debt and equity financings and strategic partnerships, as well as trying to generate additional revenue. However, at this time, the Company has no commitments to obtain any additional funds, and there can be no assurance such funds will be available on acceptable terms or at all. If the Company is unable to obtain additional funding and improve its operations, the Company’s financial condition and results of operations may be materially adversely affected and the Company may not be able to continue operations.
everything bets does goes thru barry's office in ny,,,
bb15 keep up the good work,,great jobs you need to be cfo fire barry the mia,,
boylessport does not need bets ,,,bets need boylesport..right now 3 year contract 13 thru 16 so..bets must get head count up they said they have 13,700 accounts ,,they need to file this 3rd qtr 10q to get up to date,,then they can start the process for a joint venture with who know ,,,somebody with cash,,because bets has very little cash..plus they have spent a lot money for what who knows,,,barry is the ceo then shane ceo of seaniemac.com they have 2 people work for bets barry the ceo was partime in 2014 when all this crap came to trash the stock price ,,sean gave up then barry took over with the filings,,,they know if the want to get the money they better start filing ,,,sec find them 50 thou,,idc 20 mill share dump asher 4 mill dump and who else dumped ...chuck tautam barry who knows,,,
atleast we know one thing is we can not lose another penny because the is not one to lose,,lol....0085 of a cents sad to see but that's what happens ...this time next year what will be the price dec 15 2015,,lol
that what we need here is people with real numbers bb15 great job keep it up,,,
bb15 u the man great post keep it up ..great job
smack the ask if you want shares you will never get what you want now on the bid. everybody waiting to get shares for .01 cent just pay .001 more get your shares today .wait u will pay more soon real soon,, ,,
march 31 2014 was the last news..9 months ago they are ready to start putting out news ..shane is ready to talk about 2015 plans in news releases,,barry will say nothing...
since the co is filing the 10 k 2 10q 1 10q to go before jan 1 they want to live on fight another day. that's what they are doing..
The last 18 months have been a tale of two countries. In Ireland we have added 13,955 registered customers, generated turnover revenue of $11,580,888 and gross profit of $781,000. (in US dollars).
a lot of people are watching waiting to jump back in the mm's are getting ready to raise the bid then we will get the volume,then news will hit then more volume will come in,,it just around the corner...better get in or pay more later a lot more,buy buy buy,,or get left behind,,,,
dec 31 we should be at .025 cents at 11 am dec 31 2014.
A. Note Issuances
On July 14, 2014, the Company entered into a Securities Purchase Agreement with LG Capital Funding, LLC. (“LG Capital”), for the sale of two 8% convertible notes in the aggregate principal amount of $73,500 (the “Notes”). The financing closed on July 14, 2014 and the Company received from this Offering was $36,750. The Note bear interest at the rate of 8% per annum and must be repaid on July 14, 2015. The notes are convertible into common stock, at LG Capital’s option, at a 50% discount to the average two lowest trading prices of the common stock during the 20 trading day period prior to conversion.
On August 15, 2014, the Company issued a one-year convertible note to Summit in the amount of $59,835, for payments made on behalf of the Company. Interest of 10% per annum on any unpaid balance is due at maturity. At any time prior to maturity, the note is convertible into Company common stock. The conversion price will be computed by dividing the principal outstanding plus unpaid accrued interest by the average volume weighted average price of the Company’s common stock over the seven days prior to conversion and then multiplying the result by 80%.
On November 1, 2014, the Company issued a demand note to GE Park in the amount of $12,000. Interest of 4% per annum on any unpaid balance is payable on demand.
On November 6, 2014, the Company issued a demand note to Summit in the amount of $10,000. Interest of 4% per annum on any unpaid principal is payable on demand.
B. Capital Transactions
An additional 2,383,900 shares were issued to IBC in settlement of the balance of the acquired liabilities of $27,460 of acquired Company liabilities in accordance with the Settlement Agreement and Stipulation with IBC on March 13, 2014.
On July 17, 2014, the Company entered into a third Settlement Agreement and Stipulation with IBC whereby IBC agreed to acquire $100,000 of Company liabilities from certain creditors. To date, 19,621,000 shares were issued to IBC in full settlement of the total acquired liabilities.
C. Default on Iliad Note
On October 1, 2014, Iliad presented the Company with an Event of Default Redemption Notice and is electing to redeem the full outstanding balance of the Note. Note 12 outlines the applicable penalties and additional interest due to the default. On October 29, 2014, the Company and Iliad entered into a forbearance agreement, pursuant to which Iliad agreed, subject to the terms of the forbearance agreement, to refrain and forbear, until December 10, 2014, from exercising and enforcing remedies against the Company with respect to the Note defaults, including the enforcement of the interest rate increase to 22% per annum.
On July 17, 2014, the Company entered into a third Settlement Agreement and Stipulation with IBC whereby IBC agreed to acquire $100,000 of Company liabilities from certain creditors. To date, 19,621,000 shares were issued to IBC in full settlement of the total acquired liabilities.
10q out on yahooooooooooooooooooooooooooooooo