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pierre74 you are getting on everybody nerves,,we know that we can lose are money and it could happen,, but you have gone to far,,you cry like a little baby,,,everybody need a break from your whiney ass,,,otcbb or pnk stock sux anyway and we got you you are worse then the stock...
this is what happens when nobody cares they just hide,,,add another 5 mill shares to the float for the sec,,
we need some ask smacking,,today to get over 2 cents ....buy buy buy .....yahoooooooooooooooooo
pieere 74 will never forget bets when bets jump up soon..
On December 2, 2013, the Company entered into the Purchase Agreement with Iliad. See Item 1, “Business—Our Current Business—Iliad Note.” Pursuant to the Purchase Agreement, the Company issued to Iliad the Note in the original principal amount of $667,500, 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. 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 paid on the issuance date and (ii) the balance of $400,000 shall be paid 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 payments under the Note of $37,083.33, plus any accrued and unpaid interest as of the installment date. Any installment payment may be either cash or shares of Common Stock, at our election.
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 due Iliad of $227,500 is classified as a current liability. On October 1, 2014, we received an event of default redemption notice from (the “Notice”) from Iliad. Pursuant to the Notice, Iliad indicated that it had elected to redeem the full outstanding balance of the Note, including default premiums, of $1,198,123.08. Iliad requested payment of the outstanding balance no later than October 15, 2014. Iliad has indicated a willingness to enter into a forbearance agreement and we are currently in negotiations with Iliad to enter into a forbearance agreement or otherwise to delay redemption. Based on discussions with Iliad, we believe that we will be able to reinstate the Note (perhaps with modifications) and cure the default.
Our executive offices are located at 780 New York Avenue, Suite A, Huntington, NY 11743. The office is used for administration and finance for all Company activities. The office is occupied at no charge to us. There is no rental agreement for the use of this office. If rent were charged for this space, the amount would not be material.
Additionally, we occupy an office in Dublin, Ireland on a month-to-month basis that requires monthly rent payments of approximately $326.
As of December 31, 2013, we had two full time employees. All other employees, including our CEO/CFO, Mr. Brookstein, are part time.
On August 14, 2014, the Company agreed to the entry of an Order Instituting Cease and Desist Proceedings Pursuant to Section 21C of the Securities and Exchange Act of 1934 (“Agreed Order”), with the Securities and Exchange Commission (SEC). The agreement with the SEC was subsequently modified on September 17, 2014 and is pending final approval from the SEC. Pursuant to the Agreed Order, the Company acknowledged that it was delinquent in its filing requirements in that it had failed to file its annual report on Form 10-K for the year ended December 31, 2013, its quarterly reports on Form 10-Q for the quarters ended March 31, 2014 and June 30, 2014 and an 8-K filing. Moreover, the Company has agreed to pay civil penalties in the total amount of $50,000.00 as a result of these delinquent filings. The Company is diligently working towards completing and filing its delinquent reports.
what are u waiting for ...u must still have your shares u do not sell
pierre74 have bought back yet at .0083 u should have
0.008 784,895 over 6,000.00 dollar trade
no its called they got the money its and its all their money,,you get zapped,,
there got to be somebody else selling,,,ibc sold asher sold could be the loan of 600,000.00 they owe maybe they are selling to pay debt,,,something is not right here,,,somebody have any ideas ,,,somebody is dumping,,just do not know who and its not ibc unless they bought the debt ,,
Nov 19, 2013 was last time bets filed a 10q in 16 days it will be a full year and not one 10q..sad ,,
HUNTINGTON, NY--(Marketwired - Oct 28, 2013) - SeanieMac International, Inc. (OTCQB: BETS), doing business as SeanieMac Limited, the parent company of the all-Irish online sports & casino wagering website www.SeanieMac.com, today announced the signing of two major partnerships.
SeanieMac will partner with Donedeal.ie and Attheraces.co.uk, two of the biggest websites in Ireland and the UK.
Donedeal.ie has a global Alexa ranking of 5,717 and is ranked the 10th largest website in Ireland. SeanieMac is now the exclusive betting partner of Done Deal beating a host of competitors to what will prove to be a very lucrative partnership. SeanieMac dynamic banners with special offers will be displayed on the Done Deal website from November 2014.
AttheRaces.co.uk is Britain and Ireland's largest TV channel for horseracing and the number one website for horseracing with millions of unique monthly visitors and also has exclusive rights to broadcast all Irish horseraces. At The Races will display SeanieMac's banners as well as adding SeanieMac's live odds feed to their odds comparison grid. SeanieMac will be featured on ATR from November 2014.
Mr Sean McEniff CEO of Seaniemac.com said he is "delighted to welcome Done Deal and ATR as official partners of SeanieMac.com. By partnering with these very successful businesses and leaders in their respected industries we will get SeanieMac in front of millions of potential customers every month and will give our brand great exposure and will add to our already strong customer base. This announcement is further evidence of the growing strength of the SeanieMac brand."
About SeanieMac
SeanieMac Limited owns and operates www.SeanieMac.com, an online sports and casino wagering web-based platform serving gamblers directly under the brand name SeanieMac.com.
While the site offers wagering for many categories outside of sports, SeanieMac is capturing the Irish market by initially focusing on the Gaelic Athletics Association (GAA) or Gaelic Games as well as Irish horse racing and soccer. Its mission is to offer a market-leading, user-friendly website for online gambling, including sports betting and casino gaming (traditional casino, live casino, poker, bingo and interactive skilled games). The Company does not market to U.S. residents and, hereby, specifically discourages them from attempting to access its wagering services.
The Irish gambling industry generated approximately $18.7 billion in 2011 revenue, with $1.7 billion of that generated online and growing rapidly at double digit rates. The Irish online gambling sector is projected to reach $3.2 billion in 2012.
As its national pastime, the Gaelic Games have long been popular in Ireland but they are gaining worldwide appeal, especially in areas with large communities of Irish emigrants and their descendants, such as the U.S., Canada, Australia and the United Kingdom, where many communities have their own teams and clubs participating in the Gaelic Leagues locally and internationally. To learn more about the GAA, see www.gaa.ie.
Safe Harbor Statement
This news release contains statements that involve expectations, plans or intentions (such as those relating to future business or financial results, new features or services, or management strategies) and other factors discussed from time to time in the Company's Securities and Exchange Commission filings. These statements are forward-looking and are subject to risks and uncertainties, so actual results may vary materially. You can identify these forward-looking statements by words such as "may," "should," "expect," "anticipate," "believe," "estimate," "intend," "plan" and other similar expressions. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors not within the control of the company. The company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The company disclaims any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
see if seaniemac.com comes up on these sites ,,tell me you can find them on these sites they say they have deal with starting nov 2014...or do they
Nov 19, 2013 was the last time they filed a 10 q 17 days will a year...they need to get it done this week....lol
that's what I am talking about..$$$$$$$$$$$$$$$$$
does anybody know what barry does for bets as ceo in the usa..plus we reached new low at .0071
cost 10 dollrs on amtd so it was 1.00
up today early 100 share trade .0126 looks like goldfinger will pay more its Friday,,,,500,000 or more
pick up over 100,000 this week not counting what I already own.glta
pick up more today.. just waiting for the good times ahead,,just hope there is so fun around the corner...glta...pierre74 have u bought back in yet...
it was in the 10k
As of September 26, 2014, we had 89 record holders of our Common Stock
just pick up 73,000 shares at .0105
ibc gets 150,000 100,000owed 50,000 interest total 150,000...barry behind it you can count on it
this thing is a walking dead
maybe reach 5 cents somebody else is dumping
put in for .008 or .009
meant .008 not .0008 but you never know
pieere74 do you remember saying this
Dividend possible here also!!!! $$$BETS$$$
now are u ready for the dividend,,,lol
looks like .0008 Tuesday then .005 by Friday john you better be ready to buy your last million so u can break even at 2 cents..lol
looks like the dump is never ending 2 bill left
ebola.com domain name sold for $200,000.00 to weed co..lol
bids a .0105 cents ask .017 to big of a price difference..
breeders cup They have the marquee horses among a record 201 pre-entries announced Wednesday for the 13 Cup races — four Oct. 31 and nine Nov. 1 — at Santa Anita.
did they enter seaniemac the race horse bets owns,,,lol
john is a bigtime buyer plus gibbon pierre74 was one but sold out
We have reached agreement in principal on a joint venture with a substantial US based group that we think has the potential to drive large European customers to our platform
plus we are going to give them 1 billion shares too.lol
I do no have to go look ..I know