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Re: Weltman post# 47232

Friday, 03/02/2012 7:30:47 PM

Friday, March 02, 2012 7:30:47 PM

Post# of 148377
hanks sgoeller, your contributions are very much appreciated. Seriously thank you.

Could you clarify some things for me since you seem to have a good feel of what’s going on?…just want to make sure I understand it all clearly.

1.The share increase was a debt conversion was form a debt holder not from thedirectory, one guy needed the money now and they couldn't do much about it, but he seemed very positive about it and that it was a normal part of an expanding business, the major players were waiting for the website to be up and running at its best potential before considering converstions

2)The 5-10% is in regards to their revenues, if the website is successful they will be TURNING AND BURNING HUGE amounts of cash flow, he was basically saying the 100k we are doing now is NOTHING compared to what it could be doing soon

3)Another clarification….”worse case is march 15th to turn it on 100%” That was what he said would be the worst case as to when the marketing of thedirectory would be in full swing, he didn't want to give a date but that is kind of what i got out of it, they are waiting for it to test very well and then they will start REALLY marketing it hard

4)Did he say what third party individuals he had conversations with about how they think the site will perform? No he did not, his phrase was, "we have had several people tell us that they had not seen anything like it on the market"

Hope this helps. SEEK