CC Questions (add your question to the list when you reply.)
1. How is the required financing secured for roll-out phase 1 (cf. 7)
2. Do you expect to generate any significant revenues during roll-out phase 1 already?
3. Do you see the need for an increase of A/S to finance this critical period?
4. The former owners of Big Star Media hold a note receivable according to supplemental information released on OTC markets. Where can this note be found on the BS?
5. In the notes to financial statements, the following is stated: "Prior to the reverse merger on February 28, 2011 the Company converted $353,965 worth of promissory notes and interest into 32,502,570 shares of common stock." Who owns these shares? For how long are these shares restricted?
6. Shortly outline the pending patents, explain why they are important and how they differ from the those patents already issued to Mr. Phykitt. When does the company expect those pending patents to be assigned?
7. It was brought up by management that the Series C preferred stock will be used to raise capital for the roll-out phase 1. At what conversion price may the Series C be converted into common shares? Please explain the difference between par value and face value in this respect. For how long is series C preferred stock restricted and who owns this equity at present.
8. Did the company try to obtain venture capital funding prior to going public? Is there an exit strategy in case of a buy-out offer?
Simply add you question to the list when you reply., so we will have a growing list of questions for the CC. Moderator can then select the best questions or re-organize them as it makes the most sense.
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