Replies to post #24048 on Inca Designs, Inc. (fka IDGI)

[Dan Sz]

Zeener;

Were fine, as per the filing, even if the company pays in stock, it is restricted. Thus needs to be held for usually 24 months.

Now this makes more sense why Stacy said she put "her money into the company" and Stephanie did not.

I remember reading that doing my DD and thought, sweet!
She'll be aggressive to re build to get her money back than some!

Plus, it really shows how committed she really is to INCA.
Now she moved what 1,000 miles with a new born too!

Speaks volumes to me!

See you all at $2.00 PPS and on the beaches of the world!

Dan Sz

[PENNIEStoSTACKS]

"The Note is convertible into restricted shares of the Company's Common Stock (the "Common Stock") at any time after the date of issuance at a fixed conversion price of $.001 per share.

convertible into restricted shares of the Company's Common Stock

Restricted for how long I don't know, but if she one day decides to retire a bunch of shares, things could get real crazy around here, that to me would make much more sense then putting more shares into the float, it would make her 300+M shares much more valuable. JMO

[naturalborninvestor]

Zeener2, Great find. I have to admit that I wasn't aware of this convertible arrangement. It's nice to see CEO putting in her own money, but it still warrants discussion. I am simply trying to understand the mechanisms in place here. After all, we are speaking about 650mill shares here...

- What happens after the maturity date 1st of July 2009, if Stacy would have decided not to retire the convertible bond by then? Will it simply be renewed and extended?

- Even if converted shares are restricted to sell (usually for one year) they would still increase the O/S, thus dilute shareholder equity, right!? Or are restricted shares handled differently?

- It was my understanding that as May 2009 there has not been any dilution over the last year. If restricted shares are not handled differently, am I right in the assumption that this CD means that at any moment there COULD be a massive dilution? Please prove me wrong!

[heyo]

Any convertible note that is held by an officer or director can only be converted into free trading @ the rate of 1% of the issued and outstanding every 90 days and needs to have a letter of opinion from an SEC qualified attorney together with the request sent to the TA to remove the legend from the certificate.Besides the liquidity is not sufficient for debt conversion,even @ par.This note converts into 652 million shares