Family Room Entertainment Corp. (FMYR)

[entrails]

Reb, I apologise for not reading all the posts before launching into questions. I have done that and have come to the following understanding:

Family borrowed 1mil.$ of which 200k was discounted leaving us 800k. We owe 1 mil. If we fail to repay in cash the lender will receieve payback in shares.

Should the price rise above .0005 the lender can convert the warrents and sell thus insuring a payback rate in the .0005 - 0007 range maximizing the amount of shares. Meanwhile 0007 is a 40% profit (as has been stated this is a seperate issue).

This seems, to me, to be nearly 4bil. new shares washed through the system. We will be threatened with total loss (as happened last time) if we don't approve the new shares. Untill this all plays out the price will never rise beyond what the lender will allow.

All this is my understanding. I could be mistaken.

entrails