Replies to post #12891 on DealerAdvance Inc. (DLAD)

[investor99]

We know about the financing. We've known about it and have discussed it at length since the last 10Q came out in November. No need to keep reposting it.

We also know about the S8s. Most of it was for employee options and bonuses (all restricted). 8 million was to pay for consultants assisting them enter the european market.

[bag8ger]

One note due 2010, the rest 2015.

No conversions! IMO

[10thMountain]

I've decided that it's best to put you on ignore.

[fringe_remnant]

Yes, We Know That

... and in a recent email conversation with Steven Humphries this can be added as a footnote (take from it what you will)....

I was asking him questions about the recent chart weakness and whether there was added selling pressure beyond that contained in the 10-Q and SB's ...

"XXX, I appreciate your concern... all is disclosed in the filings and will continue to be. The filings are very clear with regard to the convertible debt, etc. There are federal regulations that govern these activities and we and the fund are compliant. Again, I appreciate your interest and support."

Seems pretty straight forward to me. And, in writing.

fringe

[CBGB]

History get over it. move on geeze.... must a whole lotta fun hangin with cha.

[maninnepa]

you call THAT dilution???? that's nothing .....check this out.....now this is dilution!!!!!

SWVC dilution to date ....

As per T/A...Atlas now Standard..... 801 266-7151

Originally the O/S was 722,446,617 per the TA on July 3, 2007
Tom got the O/S down to 186 million to combat what he knew would be coming.

7/12 - 184,642,433
7/19 - TA Gagged
7/20 - 256,071,004 (Gag lifted)
7/27 - 296,680,760
8/6 - 336,192,955
8/13 - 422,386,120
8/16 - 440,990,771
8/23 - 460,758,213
9/11 - 479,362,864
9/12 - 496,688,075
9/13 - 517,734,957
9/24 - 548,181,010
10/1 - 627,964,010
11/1 - 722,964,010
11/6- 724,591,917
11/14-732,506,363 ....From 10Q filed 11/14
11/16- 794,391,917
11/29- 824,391,917

[abbytraderwin]

Yep. And it has already happened. It happens on every penny stock in every market. It also happens on most big board stocks. Dilution is part of the business with stocks. One way or another EVERY STOCK, NYSE,AMES,NASDAQ, OTCBB, PINK dilutes, period. Does that mean that investors/traders should not buy any stock ever? What would we do all day? DLAV is like any other stock. Only better.

Enjoy

[Fred Kadiddlehopper]

Bulldog: You are right that the May financing survived the bankruptcy (but the others that you and your compatriots keep mentioning were in fact discharged in the bankruptcy of the predecessor company so they are irrelevant here. If you keep bringing them up you are exposing your bad faith attempt to mislead others.
Furthermore, as to the May financing, you conveniently fail to mention that there is a contractual limit on the conversion of the CDs.
Here it is from the same document you just posted:

ITEM 1.01

ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

<SNIP>

The Investors have contractually agreed to restrict their ability to convert the Notes and exercise the Warrants and receive shares of the Company's common stock such that the number of shares of the Company's common stock held by them and their affiliates after such conversion or exercise does not exceed 4.99% of the then issued and outstanding shares of the Company's common stock.

There it is, in black and white. So stop being an alarmist and recognize that this is just an ordinary pullback. Even Charlatan had to concede this point over the weekend.
-Fritz

[MercosurTrav]

Bulldog,

Thanks for the links (again and again and again) ... I think the key with that is:

The Investors have contractually agreed to restrict their ability to convert the Notes and exercise the Warrants and receive shares of the Company's common stock such that the number of shares of the Company's common stock held by them and their affiliates after such conversion or exercise does not exceed 4.99% of the then issued and outstanding shares of the Company's common stock. -> It seems very controlled ...

We need to really see the next 10Q to figure out where we are. I have tried calling the T/A over and over again this week using every trick in the book possible and they cannot release the official O/S count, company policy. Personally I trust 100% with they way the company is managing this. It just seems VERY odd to me that their employee stock incentives are set to $0.10 if they weren't confident of reaching that number.

Merco