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Re: MRDALE post# 32680

Thursday, 07/26/2007 2:09:42 PM

Thursday, July 26, 2007 2:09:42 PM

Post# of 37776
In other words we the shareholders own 20% of SIIR...  the other 80% is owned by Ken's "angel" investors through PPM investment.  And I am assuming that the $3.5 million budget and debts owing have to be paid off first.   So even if SIIR sells for it's projected $10 million which IMO is very optimistic since movies like Napoleon Dynamite which were selected by Sundance etc. sold for $5 million (SIIR was submitted to Sundance and Cannes according to past PR's and obviously were rejected).  Also keep in mind that Ken owns preferred shares in Imperia which are (from my understanding) convertible to common shares in a way that essentially makes common shareholder's percentage of the company nominal at best.  The only thing to conclude is that even if SIIR sells then us as shareholders can not profit (except for maybe hype buys) But with increasing dilution even that is a long shot.  All JMO but based on facts..  It's been like 3 years since SIIR filmed... how long do you think before NS is finally completed and sold and how much dilution and how many reverse splits by the time that happens?  just some food for thought..