Fund.com Inc (FNDM)

[CansoSpaceMan]

I think Galanis wants his $2,300,000 plus interest as well as the 60% of Advisory for all. How much lost revenue has come out of Advisory that we could not share in so far? Over $2 billion has front end load fees, back end fees, yearly maintenance fees. Did we miss out on a share of $250 million the past 4 years?

This hole could dig deeper and deeper for Advisory.

A Revolving Credit Loan Agreement, together with conversions rights set forth therein, was entered as of the 28th day of August, 2009 with Fund.com Inc. as reported by the issuer on Form 8-K/A filed with the Securities and Exchange Commission on August 28, 2009. The Lenders are IP Global Investors Ltd. and Equities Media Acquisition Corp. Inc.
( 2) IP Global Investors Ltd. and Equities Media Acquisition Corp. Inc. are controlled by Jason Galanis, and Mr. Galanis is sole officer, director and shareholder of IP Global Investors Ltd.
( 3) Balances outstanding on the Revolving Credit Loan Agreement are convertible into Class B Common Stock at twenty-one cents ($0.21) per share, being ninety percent (90%) of the volume weighted average price of the Class A Common Stock of the Borrower, as traded on the FINRA OTC Bulletin Board for the thirty (30) Trading Days immediately prior to July 6, 2009. After giving effect to a 120:1 reverse split completed on September 27, 2010 as disclosed on the same date on Form 8K, the adjusted conversion price was twenty-five dollars and twenty cents ($25.20) per share and therefore represents an out of the money derivative security based on the current trading price on the Issuer. Notice of conversion was provided to Fund.com on November 10, 2011 and share certificates representing 91,270 Class B common shares were delivered to the Lenders on December 9, 2011.
( 4) Prior to the conversion and issuance of the 91,270 Class B common shares to IP Global Investors, Equities Media Acquisition Corp Inc. was the holder of 15,000 Class B common shares.

http://ih.advfn.com/p.php?pid=nmona&article=50394877