cMoney Inc (CMEY)

[dealorfx]

Say hello to dilution coming down the road, they need to raise $7.6 million just to get off the starting line, but it seems to me this
statement is old, because it states.........

The Company will need to raise additional funds within the next twelve (12)
months in order to launch its product by the first quarter of 2012

running thru the list.

Item XVI Management’s Discussion and Analysis or Plan of Operations
A. Plan of Operation:
i. The Company will need to raise additional funds within the next twelve (12)
months in order to launch its product by the first quarter of 2012. It will need
to raise One Million Five Hundred Thousand Dollars ($1,500,000.00) to
acquire the rights to use and modify certain intellectual property in order to
develop its product internally rather than through third party vendors.
Management anticipates that it will need to raise an additional Two Million
Dollars ($2,000,000.00) in order to develop its product and provide working
capital for the Company.
We have significant cash requirements in addition to our monthly operating
expenses, including:

• the annual payment of $1,500,000 to Global 1, which is owned by our
Founder, Jennifer Pharris, related to the license of technology from Global 1;
• $750,000 to Kodiak Capital Group LLC, in consideration of the Equity
Line of Credit contained in the Kodiak Equity Line of Credit (5% of the $15
million facility amount) half of which is being paid in 6,849,666 shares of
common stock in lieu of cash.
• $771,000 to Soprano Design Pty Ltd. pursuant to the Technology
Sublicense Agreement, however this obligation will be canceled when the
license to use and modify is effective;
• $280,000 to pay off a promissory note to Dr. Wilson which carries an
interest rate of 10% per annum and matures on the earlier of March 31, 2011
or the date cMoney closes an equity investment of $5,000,000;
• $540,700 to pay off a promissory note to Dr. Wilson which carries an
interest rate of 10% per annum and matures on May 13, 2011;
• $220,000 to pay off a promissory note to Dr. Wilson which carries an
interest rate of 10% per annum and matures in June 2011 unless he earlier
converts part or all of the amount due into shares of our Common Stock at a
conversion price of $0.0367 per share (after adjusting for the 3-for-1 split).
ii. The Company plans to develop the mobile phone apps for sale to customers by
the first quarter of 2012.


the best part........

The Company will hire a team of developers in order to develop the mobile phone
apps.

hello Jennifer Pharris, how those stock sales coming?

I don't see C$ doing anything but increasing Auth shs up to 1 billion and the best I see the stock price is maybe 3 cents,
no more.........worse case scenario they never get the app of the ground floor, jmho

best of luck and trades
iam
dealorfx
,,,,,$$$$$