Replies to post #20155 on One World Ventures Inc. (OWVI)

[pennyzen]

I didn't read that anywhere. Please post your findings. They are already fully diluted with 2billion o/s and floating, with 6 mo share moratorium not to dilute for 6 mo's. There are still 3 mo's remaining of this promise!!!
PZ

[davidam]

They have a big convertible note here I look for a bunch more shares to hit later this year. These convertible notes cause whats called a convertible death spiral. Plus they state they will do equity financing

[davidam]

Actually looks like I made a mistake. Looks like the company issued shares under 0.0007 potentially significantly under. First they got 250K in proceeds from 350m shares issued (approx .0007 per share)then it says the following Quarter more shares were issued under the same note. Doesn't say additional proceeds were received. don't say how many more shares issued but does say they raised the AS by another billion

During the second quarter of 2009 the Company raised the Authorized Share Capital to
1,000,000,000 (1 Billion shares) the Company further issued the Holder of Convertible
Debt 350,000,000 shares to create a trading market in the Company’s stock and to raise
the Company $250,000 to invest in the business.
*During the 3rd Quarter of 2009 the Company increased its authorized share Capital to
2,000,000,000 and issued additional shares to the holder of the convertible
debt.