InvestorsHub Logo
Followers 40
Posts 1920
Boards Moderated 0
Alias Born 11/08/2011

Re: majorpain post# 10477

Friday, 03/21/2014 9:12:00 AM

Friday, March 21, 2014 9:12:00 AM

Post# of 75055
LuvSumPennies - funding not a bad thing if used to grow the business - seriously, Congrats! My only concern is the potential massive dilution - not good for shareholders.

the tweet states that the money will be used for "massive market expansion", but the press release conflicts with that stating it will be used to "pay down convertible notes". Both objectives are needed (marketing and reducing the impact of toxic convertible debt). Since this announcement is made before the release of the 10K, it should show up in the "subsequent events" section in 11 days so we can analyze this further. I cannot see how the company can have its cake and eat it too.