So let me get this straight.First you insult him and blow off his advice and a short while later you seek him out and ask him for it.You might want to refer that question to someone else to ask him.You got a lot to learn and not just about the stock market.Your burning bridges fast around here.
Posted by cinfuax Friday, September 09, 2011 4:02:13 PM Re: onemessageonly post# 1292
Post # of 1310
Yes master, and so with your awsome skills how close do u think we are to an 8k filing?
Probably. I'll run new numbers this weekend. They have improved. Understand that the related party can not convert more than 4.99% of the outstanding at any one time. With that being said, if we see these type of large block trades, assume that it was converted prior, and is now being sold into the market. It is my belief that the last conversion will not be seen coming into the market til after the fact(merger, if completed).
Read through this post slowly, or if you have seen it, read it again. Slowly.
These figures have improved, so I will run it again. If not understanding why the related party would convert the debt, understand that it was set up to be very common shareholder friendly(I can explain that later if need be). The other debt of $28,550 is from here:
NOTE 4: NOTE PAYABLE – SHAREHOLDER
"The Company’s principal shareholder, Lux Digital Pictures GmbH loaned the Company $15,050 on May 29, 2008. The loan is unsecured, bears 18% interest and is due on demand. Interest expense of $2,026 was recorded on this loan during the nine months ended May 31, 2011.
The Company’s CEO and principal shareholder, Ingo Jucht, loaned the Company $13,500 on March 30, 2011. The loan is unsecured, bears no interest if the balance is paid in full by December 31, 2011. If unpaid at that date the Company agrees to pay 10% interest and the loan becomes is due on demand. Interest expense of $0 was recorded on this loan during the nine months ended May 31, 2011. "
I call this type of debt forgivable, or better said..."clean". related party debt is not the same. Cleaning that type of debt off the books is good.
Read through that link slowly. I feel that the last conversion will be held if merger is to be completed. And remember, the higher the share price, the fewer shares come to market. You can throw out that extreme number I use, but it is a nice extreme to go by for a worst case scenario, which at this time doesn't exist, nor will it. It was only a $60,000 note. That amount has been reduced significantly.
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