Seaniemac International Ltd (fka BETS)

[ImOnABoat]

3/24/15 CONVERTIBLE DEBT UPDATE ***MUST READ***


The were FOUR toxic lenders and the company has offered ALL of them to BUY OUT convertibles with CASH. The list of convertible notes can be found on page F11 of the filing below:

http://ih.advfn.com/p.php?pid=nmona&article=64949982


As of the last filing the outstanding notes were:


1) Iliad: $253,140 - Limited at $37,500 in monthly conversions with 40% discount. After deducting the maximal limit for Jan + Feb + March 2015 = the balance of $140,640 remains, but is NOT due until April 1st 2015.


2) Redwood: $79,096 - PAID OFF WITH CASH FROM OPERATIONS AS PER PR BELOW:

http://ih.advfn.com/p.php?pid=nmona&article=65792565


3) LG: $71,381 - OFFERED TO BE PAID IN CASH -> EXTINGUISHED AS PER PR BELOW:

http://ih.advfn.com/p.php?pid=nmona&article=65875728


4) WHC: $33,883 - OFFERED TO BE PAID IN CASH -> EXTINGUISHED AS PER PR BELOW:

http://ih.advfn.com/p.php?pid=nmona&article=66037782


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Summit: $60,589 - THE NOTE IS DUE AUG 15 2015. ALSO LIKELY TO NOT BE CONVERTING BECAUSE ACCORDING TO THE PR BELOW, SUMMIT IS A FRIENDLY LONG-TERM $BETS INVESTOR

http://ih.advfn.com/p.php?pid=nmona&article=65792565

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SUMMARY: Illiad is the only remaining toxic lender with a balance of $140,640 which will be due April 1st 2015 with a maximal conversion rate of $37,500 per month at 40% discount.