Do you think them issuing another 14 million shares of common stock will do the trick to raise the PPS ROFL!!!!!!!!
3). Debt Conversion Venture – As previously discussed and put forward for shareholder
feedback, the Board considered a debt-conversion opportunity to address or retire several debt
matters, including Technicolor, Kalmbach and Fantastic Films. Under the plan, and within the
next thirty days, Company would be obligated to issue to Graham Financial Services, Inc. a total
of 14-million shares of common stock, in consideration for the assumption / retirement of 4
$300,000 worth of company debt (i.e., debt converted to stock at a market rate of $.0214 /
share). Shefte asserted that the resolution of these payables matters would free up management
time and cash flow resources to be applied instead to new releases and corporate growth. In
recognition of shareholder feedback in support of this venture (as opposed to other funding
opportunities presented to the Company), both Parkinson and Shefte felt that this plan would
provide significant operational benefits with a minimal impact to the overall share structure. A
motion was proposed and the Board unanimously approved the plan to proceed with a debt
conversion under these terms.
Never buy or sell based on anything I post - MY POSTS ARE ALWAYS JUST MY OPINION, regardless whether I include that in my post or not. I am not a financial advisor and anything I post should be considered only my opinion at that time.
AI
