uVuMobile, Inc.(fka UVUM)

[kittystwigster]

Thank you.

Convertible Debt (Debentures) ... "The exercise prices as stated in the agreements were $.064 and $.074, however, the warrants were all exercised at $.01"

Now that we know and agree on the factual and actual conversion Reset price; are you saying that ALL Debentures have been eliminated, and thus Converted to Common stock at .01 ? If so, the resulting dilution from the Debenture calculations that I provided in a previous post will be increased by approx 600% due to the lower Exercised Strike price.



If ALL Debentures were converted, that would leave only the Preferreds unconverted, and the 23.1 million stand alone Warrants unconverted as well. Do you know the Conversion Rate (ie: 1:1, 2:1, 3:1, ? etc) and Strike Price on the Preferreds ?

Thank you very much

Kitty