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Alias Born 09/06/2012

Re: BBseller post# 1037

Thursday, 10/04/2012 11:43:31 AM

Thursday, October 04, 2012 11:43:31 AM

Post# of 3516
I was being "nice" on the $0.20/share financing

I also did not reprice the exercise price of the Warrants downward to $0.20/share from the current $0.30/share as is stated in the Warrant Agreements. This would lead the value/share of SMDI closer to $0.01/share

yep, big time restructuring coming with current common stockholders getting screwed and current Preferred stockholders and new investors coming out ok.