Replies to post #36794 on TheDirectory.com Inc (SEEK)

[Atlanta1]

There's no argument. These are facts. I like facts.

like 10,000 to 1 instead of 20,000 to 1.

like $1 million debt converted into preferred, not $2.3 million

sure, it's still on the balance sheet. no one said it was paid in cash. where did you get that? debtholders don't forgive debt - especially with a growing, soon to be profitable company.where did you get that? makes no sense.

[IRBeach]

It's been converted to a preferred.. the debt remains until it is paid off.. The common stock holder is the last in line.. does anyone here have any financial background??