Mike Lindell Media Corp (MLMC)

[Iwantmoney]

If JF put a cap at say 7B O/S the pps would undoubtedly go up. We are around 2.5B from that point leaving plenty of room for JF to do what he does best. Higher the pps goes the less impact the dilution will have and the 2.5B could provide the same funding that 5B could provide. Is my logic wrong? From the SB-2:

Our obligation to issue shares upon conversion of our convertible debentures is essentially limitless. The following is an example of the amount of shares of our common stock that are issuable, upon conversion of our convertible debentures (excluding accrued interest), based on market prices 25%, 50% and 75% below the market price, as of March 20, 2006 of $0.007.

effective number % of
% below price per conversion of shares outstanding
market share price issuable stock
25% $.0053 $.0042 5,306,568,043 58.24%
50% $.0035 $.0028 7,970,021,614 67.68%
75% $.0018 $.0014 15,960,382,329 80.75%


As illustrated, the number of shares of common stock issuable upon conversion of our convertible debentures will increase if the market price of our stock declines, which will cause dilution to our existing stockholders.


http://www.sec.gov/Archives/edgar/data/1099234/000109432806000049/0001094328-06-000049.txt