Cross Click Media Inc. (fka XCLK)

[zagdad]

Important update to the 8K news today related to conversion of debt for Pref shares

GREAT NEWS IMHO - Late today I reached a spokesman at the company to clarify the various opinions on some aspects of the 8K issued today which converted nearly $200,000 in debt to a new class of Convertible Preferred shares. There is an agreement concluded which prevents any conversion/sale of any of these shares for at least the next two years - late 2016. This point is expected to be publically stated in the coming days. This is awesome news given the conversion of past debt these past few months which has been a serious distraction and drag on the company's pps.

It should also be noted that MCKEA will have over 20% of the company which I believe will restrict their sale of shares even after they convert/if they convert after the two years to the ability to only sell 1% per quarter.

It has been suggested in previous posts that they don't expect to take on any more of such convertible debt with the new corporate direction and contracts...I hope that remains true.

It appears MCKEA is in for the long haul and hopefully we are going to come off this recent bottom and watch it disappear in our rearview mirrors!

zagdad