Replies to post #17010 on Platinum Studios (PDOS)

[HHansen]

I think it was your prayer and request for a double digit percent gain. Now if you can just start next week off like that....

[Mr Wizard]

I just read my first ever 10-Q and I hope I never have to do that again.All I got from this was a lot of debt and law suits with a best case scenerio low bid @ 0.0121 and a high bid @ 0.11 anytime between now and Oct 2020.
Higher risk = Higher reward? I like it.

Think I'll buy more..
living on the edge and pushing the envelope is what im about.

ALL MY OWN OPINION

"Common stock, $.0001 par value; 500,000,000 shares authorized; 348,096,215 and 310,345,811 issued and outstanding, respectively"
"The Company presently does not have enough authorized shares to effect the conversion of the above listed potentially dilutive securities."
"The Company plans to increase the number of authorized shares via a proxy vote by the shareholders"


"The dilutive issuances provisions of the warrants and convertible notes were triggered during the second quarter of 2011 due to issuances of common stock pursuant to the Dutchesss Opportunity Fund Agreement. The revised pricing on the warrants and conversions is now set at $0.0121."

"On October 22, 2010, the Company entered into a series of agreements with its CEO, Chairman, and a major shareholder to extend the due date of certain existing loans made by the CEO. Pursuant to the terms of the agreements, the new due date for the secured convertible notes payable totaling $2,400,000 was extended to May 6, 2011 and the new due date for the secured convertible notes payable totaling $1,350,000 was extended to June 3, 2011. The interest rate under these loans was increased from 8% to 10%, effective upon the original due date of May 6, 2010 and June 3, 2010, respectively."

"In exchange for these due date extensions, the Company granted to the CEO:"

"Two additional sets of warrants to purchase the Company’s common stock. The first set allowing for the exercise of up to 40,000,000 warrants to purchase shares of the Company’s common stock, at an exercise price of $0.11 per share, and the second set allowing for the acquisition of up to $3,750,000 in stock, also at an exercise price of $0.11 per share. Both sets (“New Warrants”) vested immediately and will expire on October 22, 2020; and"

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