AIAdvertising Inc (AIAD)

[wadirum1]

Figured I would check this stock out, given the involvement of Parscale, who has been in the news as a link between Cambridge Analytica and Trump.

Are folks aware of the massive number of shares associated with options, preferreds, an convertible debt?!? In addition to 130M or so issued and outstanding, there is also:

"154,800,000 shares of common stock underlying options, 10,000 Series A Preferred shares convertible into 100,000,000 shares of common stock, 18,025 Series B Preferred shares convertible into 450,625,000 shares of common stock, 14,425 Series C Preferred shares convertible into 144,250,000 shares of common stock, 90,000 Series D Preferred shares convertible into 225,000,000 shares of common stock, 10,000 Series E Preferred shares convertible into 20,000,000 shares of common stock and 24,660,068 shares of common stock underlying $98,640 in convertible notes"

My calculator doesn't go up that high...but I'm guessing it about 1B shares. The market valuation is therefore all the way up at $23 million or so, factoring in these other claims on shares.

Why are people valuing this company at $23M? Looks to me as though it has minimal assets, a fair amount of debt ($6M), and is running nearly $1M in losses per year.

And then there is all the political and legal risk associated with Mueller, Cambridge Analytics, etc.

Does anyone here have a more optimistic take on this?