Skye Life Ventures Ltd. (fka SKLV)

[Han2004fl]

MSEED

Mike didn't email about 1:1000 classB. You can find that on Yahoo Group. He explained it clearly that 1 class B will be equaled 1000 common to convert as a starting ratio. Sometimes I feel that things he posts on Yahoo Group shouldn't be posted because it's very unfair to the rest of shareholders who don't join the group. It should has been put in a PR form.

The ratio will get higher and comes out to about 18% or so yearly. His explaination is that so current investors can convert now and enjoy the covert class B to common ... gain 18% in a year... just like interest I guess. Things would work perfectly and it would be such an investment (better than mutual funds) if Common shares hold flat/no increase.

This plan has double edges

1) if the company generate GREEN at the bottom line in the future before the dilution to hell, then investors who convert now will enjoy the benefit when the company manage to buyback "to be" dilute and get it lower than CURRENT O/S

2) it will give the company a green light to dilute the heck of the company and make it so that Class B is acting as preferred shares (that's how it looks to me but with more flexibilities in conversion.) If the company makes no $$$, preferred is just almost as worthless as regular common. Shareholder will lose big either way.

So it comes down to ... Do you think the company can make profit before it dilutes to hell? DO YOU?

GO GBDX.