Replies to post #13292 on DealerAdvance Inc. (DLAD)

[investor99]

Those numbers are based on if they don't pay the debt within the next 3 years. Those shares have not been sold into the market or even part of the o/s. If you like to read 10Qs and like to post facts, then you should at least have the correct facts.

[koda02]

where do you get those numbers?

Billions thats funny, Page 26 clearly states facts: Now how to you come up with 882,353,000 and 1,153,846,000 that is crazy,This is copied right off of the form. Not written by someone posting lies, this is whats on there. How can you even post such BS?

To obtain funding for its ongoing operations, we entered into a Securities Purchase Agreement (the “Agreement”) with the investors on May 25, 2006 for the sale of (i) $900,000 in callable secured convertible notes (the “Notes”) and (ii) stock purchase warrants (the “Warrants”) to buy 5,000,000 shares of our common stock.


The following closings have occurred under the Agreement:


o On May 30. 2007 the Investors purchased $150,000 in May 2007 Notes and received May 2007 Warrants to purchase 850,000 shares of the Company’s common stock

o On June 20. 2007 the Investors purchased $150,000 in May 2007 Notes and received May 2007 Warrants to purchase 850,000 shares of the Company’s common stock

o On July 25. 2007 the Investors purchased $150,000 in May 2007 Notes and received May 2007 Warrants to purchase 850,000 shares of the Company’s common stock

o On August 31. 2007 the Investors purchased $150,000 in May 2007 Notes and received May 2007 Warrants to purchase 850,000 shares of the Company’s common stock

o On September 21. 2007 the Investors purchased $150,000 in May 2007 Notes and received May 2007 Warrants to purchase 850,000 shares of the Company’s common stock

o On October 11. 2007 the Investors purchased $150,000 in May 2007 Notes and received May 2007 Warrants to purchase 850,000 shares of the Company’s common stock



In addition, provided that all of the conditions in the Securities Purchase Agreement are satisfied, on the final business day of each month until the full amount under the Agreement has been purchased, the Company will issue to the Investors and the Investors will purchase $125,000 in Notes and related Warrants. The Company or a majority in interest of the Investors may terminate the obligation to issue additional Notes and Warrants upon 30 days notice.