QS - how does OBJE intend to "Grow" with this kind of financials (not including the $100k fee it pays to you to promote the stock):
As of the last 10Q,(and known subsequent events), the company has issued over $1 million in convertible debt at a weighted average conversion rate of $0.033 which equates to over 31 million shares of potential dilution. To date, of this amount there has been $275k converted into 11.7 million shares (weighted average $0.023/share), leaving $736k remaining to be converted at an average weighted price of $0.038/share - or 19.3 million shares still waiting to be diluted into the market place.
You may believe that this company will be a cash machine waiting to happen - but first they need to plow through the $113k per quarter of G&A costs for this one man show, pay off the $30k it took to develop the BluffWars Game, and pay for another $58k in quarterly interest expenses before they can ever hope to turn a profit. This is of course, difficult to do when you have a $392k negative working capital to pay for keeping the lights on.
