DealerAdvance Inc. (DLAD)

[CSykes]

Look, there is a huge difference between registered shares and non-registered shares. Those shares that make up the over 2B in converted common are not COMMON STOCK.. they are Debentures, Notes or Callable securities. These are debt instruments and not equity. If the Company can not make its monthly obligations to repay the loan (if they can't repay the IRS how the heck they going to repay the loan?) then the holders have the option to convert. Those notes were signed for and PURCHASED via the last 8K. How can you post they have been canceled? They have not been canceled.. they still exist and since the Company failed to register them they are IN DEFAULT of their agreement with the note holders.

I will rescind everything I have said and even make a public apology if the Company were to issue a filing stating that the debt has been removed. They have not done so however so based on filings and the information currently available to the public the Company has in fact defaulted on those notes.