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Re: gatorhistory post# 130239

Wednesday, 12/03/2014 2:06:58 PM

Wednesday, December 03, 2014 2:06:58 PM

Post# of 148374
" Further news coming "........that is fairly OBVIOUS here Gator with Q4 and Y/E financials due out to keep SEEK honest....... BUT why the lack luster PR from Scott at this point? Hitting numbers Y/Y is great but unless one is making enough off of it to " run the business ", I see no big draw to anything Scott could offer in the near future except a BUYOUT offer from a " well known " internet company at a huge PPS.

Scott keeps harping on his Call Centers but yet I see ZERO in the Call Center(s) Pictures department posted on THEDIRECTORY.COM WEB site or ANYWHERE for that fact. Let everyone contemplating business with your company KNOW just who they are dealing with!

Scott needs MONEY. Is Scott leveraging SHARES of stock to obtain that money? Sure looks and sounds like it to most. I do NOT see a balance sheet that is producing a FRACTION of what he needs financially to " run the business ".......DO YOU? You should be aware of how much it takes to STAFF a business including the RENT! Unless Scott has had a BANNER YEAR then I envision this balance sheet to look the same as the last few quarters we have already witnessed. Hence why his statement in the " legal portion " as to the need for a huge float of shares to " run the business "........ ie. hand them out for CASH!

Background and Reasons for the Authorized Share Increase

We currently have authorized 6,001,200,000 shares of all classes of authorized stock, consisting of 6,000,000,000 shares of common stock and 1,200,000 of preferred stock. As of November 13, 2014, we had 4,929,462,636 shares of common stock and 640,000 shares of Series A Convertible Preferred Stock outstanding. The Board believes our current authorized share capital is insufficient for the Company’s needs for the next two to five years.

I am not talking about " betting on the come ". Look at his previous numbers and tell me just WHERE he will get enough money to " run the business " and pay the bills???? It IS NOT there. Call Centers take MONEY and SALARIES. WEB design takes MONEY and SALARIES.

Just as in ALL of the other STOCK INCREASING ACTIONS that Scott has had......have ANY increased the " balance sheet " outlook to COVER all the cost of those shares? I don't see it! Obviously he is and HAS been LIVING off of the $ 5M loan he received. Sounds to me like those FUNDS ARE DRYING UP and once that runs out, we all know what will happen......MORE DILUTION to " carry " yet more cash outlay. Vicious cycle GATOR and is just EXACTLY what has been happening with each and EVERY one of these he has done recently.

I truthfully thought once Scott started to get his hands on the MONEY he was so desperately needing a couple of years ago that we would ALL watch him take SEEK to the PROFITABILITY LEVEL.......just didn't happen. So far all we have is " supposedly " a couple of Call Centers, the Hello network, including more URL sites, a re-designed " WEB site that is STILL being worked on weekly AND a ton of DEBT hanging over the company and GROWING Y/Y!

Do you find it strange that not ONE investor/shareholders has stopped by either one of these Call Centers and gotten PICTURES or even an interview with one of the management that is supposedly there??

So, I am NOT sure what HOUSEKEEPING your looking for to take place here..........possibly that ORCHESTRATED HUGE P&D or another overnight BUMP in the PPS to .0077 for NO reason? That is just a temporary FIX to a very critical CASH issue that we have already witnessed the results of......and now the COFFERS are wide open..........IMHO!

p.s...... We can discuss that share buyback and other CRITICAL issues later once we get some CONCRETE EVIDENCE ( Q4 & Y/E financials ) that Scott IS turning a sizable PROFIT to support this FOLLY!!! PROVE ME WRONG SCOTT!!

GL2A!!

MY opinions are just that.......40+ years of trading experience and take it for what it is worth.