Solar Energy Initiatives Inc (SNRY)

[Snizzle]

I'm not sure how to explain it better.

Let's just say there is a total of 75,000 dollars in convertible debt. It would currently convert at just above .0001.


75,000 dollars x .0001 is 750 mil. Shares.

-There is more than 75k outstanding in CD.

-The current A/S is maxed out, leaving only only the 750mil. Increase(once effective)

-The company could only convert 75k in CD(roughly) with the pending increase in the A/S

-The higher the share price the more rom for convertible debt to be converted.


Short term, if I'm right(or even close 2 it) this should play into our hands from the current share price levels.


Gelmon is in a pickle....he has to

A) run the share price up

B) raise the A/S again before the current raise goes into effect


Better?

Snry