Replies to post #11834 on AIAdvertising Inc (AIAD)

[sello]

I'm not sure those notes are still coming, just look at the totals given from the 10k, the subsequent conversions, and the exchange of debt for preferred shares. By the numbers, and if the $259k was the convertible debt of Bountiful, it looks like they may have wiped ALL the convertible debt off the books.

They gave a balance of $342,850 in the 10-k



Subsequent events showed $100,358 in conversions and $259,598 transferred to preferred shares.



Add the $13,577 converted in the last 8k and that is a total of $373,633 which would definitely cover the entire balance of $342,850, including the 2 December notes, listed in the 10K plus interest and fees.

The 10Q will give confirmation but by the numbers, it looks like those notes may have been covered in the trade for preferred shares.

9 days until the 10Q!

CLWD!!

[warfaretrader]

MJAM, imo this is the main reason why we can't seem to move higher. We know there are good things coming we just have no idea as to when. What we do know is there is more dilution coming in June. We they have the Reg A figured out before then, that's the million dollar question. I agree that the 10Q if good will more the pps higher, but i'm afraid it won't last with the known dilution coming. There is always the possibility the company disclose something in the 10q about the nots being cleared. finger crossed here, but there is a reason as to why this stock isn't moving higher!

[Lakota-45]

I'm sure 'sello' will give you a more defined answer, But;

I believe the 1st phase of the offering was completed, and it's my understanding, that would be used to pay off the note's. - IMO