Friday, January 31, 2014 8:53:20 AM
For all those who don't know how these pinks (i.e like BBDA) get funded here is a quick play by play: They get "loans" in the form of Convertible Debt (Death) Notes that are converted into a dollar amount at a discount to market when they come due. Example: $100,000 Note due in 90 days is converted at a discount (usually 40-50% below the market "AT THE TIME of conversion). This of course includes the interest so in a $100K Note the company (BBDA) usually gets maybe $80-$85K but the face value is $100K because it includes the "earned discount". Once the "Funds" (Ashers, Continental, JS, etc...) have converted their debt they "pump" the stock since it was they who were the only ones really selling it down. The Co (BBDA) plays along the scheme by putting out worthless press releases (i.e. distribution this, placement that,etc). The stock has a run up for a few days and these "funds" sell their "cheap" paper to the dummies who bought into the pump! Look at the chart and see that this has been going on in BBDA for 2 plus YEARS!!!
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