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siriusadult

08/09/07 5:56 PM

#8142 RE: lakingsphan0427 #8141

It was announced when it happened--and discussed mostly on yahoo--this is where TKO 'borrowed' money for cash flow to get them thru August (?) or Sept (?), when revenues are supposed to start rolling in a lot faster than they have been....looking at it 20-20...maybe it was borrowed to pay for the head-hunters sevices to find a COO and EVP...and the re-organization efforts...who knows?

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reallybadtrader

08/09/07 6:13 PM

#8143 RE: lakingsphan0427 #8141

Its not new. This was done a little while back. Its bond with warrants that are convertable at 4.17. It is NOT dilution, warrants dont trade, they are only excerised when the stock hits that price. I am sure we all be relatively satisfied when the stock trades at 4.17.

This type of loan is a lot more favorable that issuing more shares of common stock. Loans at attractive rates with warrants that above the stock market value are the way to go.
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hueyflier

08/09/07 10:44 PM

#8155 RE: lakingsphan0427 #8141

yes - new as of July 24th. This was announced, or at least filed at the time.