Adaptive Medias Inc (fka ADTM)

[mlh1979]

There are no convertible notes. The 8k states that Livingston was granted 74million shares of common stock and can request a tranche for more if and when they need to. I know a lot of folks on here are trying to confuse people and say a conversion rate of .00001, but that is what they put the par value as. A lot of companies put that there no matter what the price is. This all happened in December and there has been a lot of volume since then so if Livingston was selling they are at least close to being done. With all the other toxic financers out there though, that do get convertible notes, there is a reason John went with this brand new company, and this kind of deal. Who knows Livingston may still have there original shares