AIAdvertising Inc (AIAD)

[sello]

Do some math. They issued 32,232,333 shares for $600,000. That means they put a value on the shares of .0186.

Why would the lender/Boden accept that valuation?

They extinguished an existing loan and get $142,000 in cash.

Look at the difference in conversion from previous loans. Convertible at the previous days' bid. In the past, they were at a 40% discount of the lowest trading bid over the last 20 trading days. Plus the loan is convertible ONLY in the case of default.

This is a huge improvement and the debt had to be paid anyway. Better to use current cash on hand for expansion rather than paying off debt, IMO.

CLWD!!