SilverSun Technologies Inc (SSNT)

[Det_Robert_Thorne]

The 10B convertible shares are the 8-K clownman1

"On the Effective Date, the Corporation executed two letter agreements (each a “Letter Agreement” and together, the “Letter Agreements”), each as accepted and agreed to by the relevant Investor, pursuant to the which the Corporation, inter alia, as an inducement for the Investors advancing the Loans to the Corporation, promised to issue, within 30 days of the Effective Date, two shares of convertible preferred stock (one share to be issued to each Investor; the “Shares”) with voting rights per share of convertible preferred stock equal to 5,000,000,000 shares of class A common stock of the Corporation (the aggregate voting rights amongst the Investors equaling 10,000,000,000 shares of class A common stock of the Corporation), pursuant to the terms and conditions therein contained."

http://www.sec.gov/Archives/edgar/data/1236275/000118518511000508/treyresources8k041511.htm


To put it simply, they issued two shares of "convertible preferred stock", one to each of the investors.

Each of those "convertible preferreds" are convertible to 5B shares, for a total of 10B shares.

They were awarded separately from the two $250K loans, so it's true that more convertible debt was not issued. But I never said that new convertible debt was issued.

I've also never written that the 10B shares were issued. I've only spoken of the possibility and probability of an eventual conversion, and the need for investors to be aware of this possibility.

Finally, I never claimed I knew who the investors were.