Seaniemac International Ltd (fka BETS)

[pompano]

Yepper, Yepper, looks like I'll be waiting a very, very, long time for my entry. This is why I always wait for breakouts on volume, with these pennies anything can and will happen, why risk it.

The disadvantages include:

· Dilution to the existing stockholders, including a decrease in our net income per share in future periods. This could cause the market price of our stock to decline.


· The issuance of authorized but unissued stock could be used to deter a potential takeover of the Company that may otherwise be beneficial to stockholders by diluting the shares held by a potential suitor or issuing shares to a stockholder that will vote in accordance with the desires of the Company’s Board of Directors, at that time. A takeover may be beneficial to independent stockholders because, among other reasons, a potential suitor may offer such stockholders a premium for their shares of stock compared to the then-existing market price. The Company does not have any plans or proposals to adopt provisions or enter into agreements that may have material anti-takeover consequences.