Smoky Market Foods, Inc. (fka SMKY)

[Farrago]

Well of course, it's a lease. So yes, the lease gets paid. It gets paid based on production, with an annual cap. It will be interesting to see after 1 or 2 qtrs of operations if we get an update on production numbers, not just revenue, but production by poundage. That would instantly give an idea of how quickly the oven lease is being paid back.

The "interest" is a 20x conversion to common stock, so $100k per unit, the earliest that can happen is three years from (it's somewhere in the messages) July I think, but sometime in the summer of 2014.

So yes, shares will eventually be issued, but based on some projections, that might equate to only 10-20k shares per unit x 50 units: 500k - 1mm shares issued. (yes, it may be way more, or way lower than that)

Point is, shares won't be issued for 3 years, and chances are good that it will be minimal impact to the SS.