TheDirectory.com, Inc. (SEEK)

[SeaRayz1]

You’re right about that. I should of said TOXIC DEBTS. There are no other SEC filings where SG issued stock to be converted at a previous date in return for financing.
Inside ownership is high enough I don’t believe it is for them to dilute for penny. Here is a good article excerpt on inside ownership. Inside owners of SEEK hold 39.6%

Quote:
The rule of thumb we use is that small companies with the greatest potential of being managed to maximize the interests of all share- holders have insider ownership of more than 20% but less than 45%. Managers who spend nearly every waking moment doing everything in their power to benefit the company’s shareholders is the ideal we’re looking for.