CableClix USA Inc (CCLX)

[tedpeele]

It looks to me like on page 19 of the 10K $172,500 was still convertible at .001 as of April 30. However, the description mentions a 36 month conversion period ended in 2015, and some remaining 5,885,320 shares to be issued. For me it is too unclear to interpret.

On page 20 another $70,000 less $3,700 is convertible at .0015.

So potentially that is a lot of dilution, it would appear. I would hope we get some clarity from the company about these, as I would think their intention is to not allow a great deal of dilution. After all, they have a large majority ownership and wouldn't want that watered down.

Your thoughts?

http://www.otcmarkets.com/financialReportViewer?symbol=CCLX&id=157996