PHXI - Phoenix Interests, Inc (fka PHXI)

[investorcg]

Gold......

Due to the recent trading pattern, I called up Monmouth Transfer and got the O/S number.

Here is the relevant part of Tilton's response to me....it is honest and straightforward, which is a good thing.

We have existing convertibles (investors) who have been long term investors who converted some of their position which is their right. I expect that they will on occasion convert their position into common shares thus causing some dilution. Please review our current filings for more information.


I expect that we will be raising capital to make further investments and that this will result in new dilution next year. I do not expect any dilution from new money to happen this year however and this is what I stated to you.





I must go back and see the terms of the convertibles now. I hate these things, and I bet they are converted as a percentage of the stock price and no floor involved.

Tilton needs to get a PR push going here to maintain the stock price if dilution is to occur. The market cap is still very very low so I will stay with this one, but he has to help out the stock price at these levels.