** a deep thought **
we know that CEO loaned a lot of money to the company, interest free and no term.
we also wonder why the company didn't issue any PR for 3.5 months even during the time they put out shares into the market during Fergie issue. In another word, no pumping the stock even at certain time if they put out news, we could had gone up to over a penny. However, they didn't want to.
We know that they had plenty of news worthy materials.
We also know that we seem like we were kept to trade in certain range .0012 to .002
We also know about what Lincoln wants to do and why he is in bed with IPRU to start with.
Now, with those information ... PLUS 140 million shares for the settle all the debt (beside $14K) at the conversion rate of .0016
The price of .0016 itself stroke my interest. Why?
Lots of debt holders would convert shares at 25% or even 50% of 3 average lowest closing price of the last 30 days. If we were to use 25% of the 3 lowest closing prices, say in Oct, the price to convert would be around .0011 a share ... that would be over 200 million shares. But yet, the price converted is .0016
We know the CEO and other insiders are the one holding the new 140 million shares. They all agreed to convert the debt at that price.
Ask yourself what do they know?
Also ask yourself why 8 million shares in reserve that got put out then reduced?
Also ask yourself about the prepaid expenses on 2nd qtr but not on 3rd qtr report.
It looks to me that they might as well turning profit because of the holiday issues are coming. They probably get lots of payments from ads placers in Oct which of course would not had been in 3rd qtr report.
AL mentioned around the coming out of Fergie issue to Hawk that they are to turn profit in the next couple issues. Could it be this one or the one after around New Year time (cocktail issue)?
Maybe they get payment from UK publisher for the right to distribute in Europe and now is the reason of them settle up the debt by converting it to shares?
I think this is highly possible as well because if the company starts making green at the bottom line, those debt will be paid off. CEO and insiders would not benefit from conversion and the money they loaned the company for free interest would not yield them any extra income to make them super rich. Think about it.
So they better convert now (3 weeks ago?) before all things come out. This is what I think happening.
Al said in email few days ago that updates are coming in 2 weeks.
Get yourself ready for a ride of your life. :) I will be happy with .07 to .10 a share.
Oh, the company aware of naked shorting activities. I just wonder if they are gaming this so that shorties get trapped as well? :)
