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Re: None

Friday, 03/21/2014 9:04:41 AM

Friday, March 21, 2014 9:04:41 AM

Post# of 75055
good news - massive $500,000 funding announced for advertising

bad news - $500,000 funding terms not disclosed (massive dilution coming).

Now we have to wait for Christmas 2014?? What happened to Christmas 2013?

Since terms were not disclosed, let's look at past history - the company appears to have received convertible shares at roughly 45% discount to market value (not including interest expense up to 14% as has been the case recently). Doing the math at current share price of about $0.20, this equates to a potential dilution of another 5.5 million shares (on top of the previously estimated 5 million outstanding for convertible debt). This would increase the O/S ten fold from current levels.

I recognize this is just speculation, but probably not too far off the mark.