Replies to post #5600 on Authentic Holdings Inc (AHRO)

[Chunky Munky]

BINGO! YOU HIT THE NAIL ON THE HEAD! Until the company DECIDES to give these notes the ability to convert THEY CAN NOT!

Now, the latest PR says:

"In regards to the future, the company is currently working on several new projects that will require financing but will be done specifically in our subsidiaries and not at the parent level of Premiere Publishing Group, Inc. In this manner, we will avoid any further dilution to our current shareholders for at least the remainder of the year and possibly into 2011.

"We expect that the only reason there would be any dilution at the parent level is in the event we found an acquisition candidate that met our criteria and in conjunction with our creditors and banking team, put together a deal that would generate significant shareholder value. We are actively reviewing several candidates and will continue to do so until we find the acquisition(s) that are the most meaningful to our shareholders.

So add the fact that they stated in a PR that the only way they will dilute is if there is "an acquisition candidate that met our criteria and in conjunction with our creditors and banking team, put together a deal that would generate significant shareholder value."

This does not cover existing unsecured debt.

So...

Management has authority. Management says no dilution unless its an acquisition for the rest of 2010 and maybe some of 2011.

Where does that leave the note holders? IMO, out in the cold for the immediate future.