Adaptive Medias Inc (fka ADTM)

[236T568]

actually, no

it is not my plan

it is the way these financings work

And if you took the time to review the documents, you would see that you are wrong yet again, for the Funder has the right to convert whatever amount of prepayment scam company MIMV wants to make to the Funder on the loan

good one!


http://www.sec.gov/Archives/edgar/data/1428397/000149315213001048/ex10-2.htm

Section 6. Repayment.

a) The Company may prepay all or any portion of this Note at any time, provided that the Company (i) delivers prior written notice to the Holder electing such prepayment at least ten (10) days prior to the date of such prepayment (“Prepayment Date”) and specifying the principal amount to be repaid (“Prepayment Amount”), (ii) delivers such prepayment notice to all other holders of Notes electing to prepay all the Notes on a pro rata basis based on the original principal amount of the Notes, and (iii) pays to the Holder, on the Prepayment Date, an amount equal to 115% of the Prepayment Amount on the Prepayment Date, together with all interest accrued but unpaid through the Prepayment Date on such Prepayment Amount so prepaid; provided, however, that the Holder may elect to convert such Prepayment Amount in whole or in part at any time and from time to time prior to the Holder’s receipt of all amounts due hereunder on the Prepayment Date.

So your plan assumes there's enough buyers to absorb enough shares so that the lender can make back the 400K plus X "guaranteed return" AND it assumes that MIMVI doesn't pay back the note. If the note's paid back in cash then what? The lender is sitting there short 4 million shares with no way to cover. They'll have to either buy back the shares on the open market or if the price is over .25, pay MIMVI another 1 million to exercise the warrants and use those shares to cover the short. Yeah, that's one great no risk plan. Maybe you should be a financial advisor. What's the annualized return if the lender sells short at .12 then has to buy back the shares at .25?