Broadside Enterprises Inc. (BRSE)

[Smilin_B]

Christopher Petzel....

This message is for those that seem a little confused as to the latest equity subscription details.

Please feel free to correct me via twitter if I am mistaken on the assessment.

On Decenber 18, 2015 a Form D was filed by former CEO Robert Atwell to embark on a $400,000 Capital Raise. There is an exemption under Regulation D to offer and sell securities. The resultant "Form D" is a required SEC filing announcing a notice to offer and sell these securities.

You can view the Form D filing below:

http://form-d.findthecompany.com/l/310493/Emaji-Inc

The total offering size of this capital raise was $400,000 and the minimum investment was $10,000

Typically, the use of proceeds may include a proposed stock repurchase program, corporate acquisitions, rights acquisition, project development and/or general working capital

On December 21, 2015 shares were purchased by PRIVATE & ACCREDITED INVESTORS - - DIRECTLY FROM EMAJI (not on the open market)at a 100% premium.

I believe it was stated, at the time, that 1/4 of the total offering had been sold. Therefore $100,000.00 USD in RESTRICTED STOCK was purchased at a cost of .0002/share.

https://twitter.com/emajinews/status/678979433655496704

One may ask the obvious question: "Why would someone pay .0002/share if they could have simply purchased the shares on the open market at .0001/share ?"

The answer:

1. These investors are obviously "friendly" to Emaji Entertainment.

2. These investors have "faith" that Christopher Petzel can turn this development stage Entertainment/Venture company into a revenue generating growth company, thereby increasing their initial investment exponentially.

3. These investors wanted to help FUND Emaji Entertainment's projects versus simply lining the pockets of some random seller on the open market.

The sole purpose of performing a CAPITAL RAISE is very similar to the end result of a publicly traded company performing an IPO. During the initial public "offering", shares are sold directly from the company to it's underwriters then to the investment community. The newly public company then utilizes the funds received from the offering, for general administrative and working capital purposes.

Emaji's Form D $400,000 capital raise is no different.

So this evening, Chris Petzel tweeted

"On a brighter note, one of our two current trip 2 investors has now paid for his equity subscription in full, USD 62.5k. Just the beginning"

So it's relatively safe to say that, in totality, Emaji has managed to raise $162,400 out of the $400,000 made available in the offering from December.

This bodes extremely well for those that have been patiently waiting for positive news developments.

I'd also like to remind everyone about the great strides made by the company concerning CD Note reduction, short term payable reduction, the reduction in total current liabilities as well as the reduction in the O/S.

•Convertible Notes reduced by 90% from $498,251 as of September 30, 2015 to $50,500 as of December 31, 2015
•Short term payables reduced by 50% from $70,250 as of September 30, 2015 to $35,000 as of December 31, 2015
•Total Current Liabilities reduced by 91% from $1,212,582 as of September 30, 2015 to $108,881 as of December 31, 2015
•Total Outstanding Common Shares reduced by 21% from 7,639,746,087 as of September 30, 2015 to 6,052,370,081 as of December 31, 2015

In my opinion, Robert Atwell and Christopher Petzel have been working diligently for many months prior to Chris taking over as the new Chief Executive Officer.

Substantial changes to Emaji's capital structure had to be implemented, and I believe we are finally beginning to see the fruits of their labor.

As long as Christopher can stick to his word to NOT reverse split the common stock, and to NOT issue any new convertible debt.

We look forward to having Chris as our new CEO and the majority of us are hopeful he can turn this company around.

Exciting times are ahead, imo





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