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Re: MarketShark post# 443

Friday, 02/07/2014 3:45:31 PM

Friday, February 07, 2014 3:45:31 PM

Post# of 171655
2M Volume with a $4.4M float...
would mean almost 50% of the "Float changed hands, correct?

SOCR Security Details
Share Structure
Market Value1 $5,641,537 a/o Feb 06, 2014
Shares Outstanding 104,472,911 a/o Nov 18, 2013
Float 4,422,450 a/o Nov 18, 2013
Authorized Shares 1,000,000,000 a/o Nov 18, 2013
Par Value 0.001

The stock is currently up, lets say, 13%. A pretty low gain if almost half of the float traded, no?
It seems to be obvious that Vfin is diluting here.

Since there are no other Dept Notes in play, we've to assume he's selling .0001's here for a nice 61000% gain. I'd be pationed too!

It's only 350M shares total that could be sold on the given Debt Notes as already shown in there 10Q:

Eastlight Enterprises was issued a new convertible promissory note by the company for $17,500 in exchange for a $17,500 cash loan. Global Idol Capital was also issued a convertible promissory note in the same amount for an identical cash loan, and both notes hold a conversion price of .0001 due to the high amount of risk and lack of a public market that existed at the time the note was issued.

TWO $17,500 Notes with a Conversion price of .0001 = 350M shares to be Issued and sold into the Market.