Replies to post #12032 on Attitude Drinks Inc. (fka ATTD)

[hmmauto]

Did you just make that up?..the shares are converted at a discount and sold into the market to cover the debt for the money attd has already borrowed...so the higher the price they can sell them for the more the note holders get..some of those shares being sold the investors own back of the .002's..good luck michael

[PLUTUS]

What in the world does that mean?

Noteholders don't buy stock in the company with which they are a noteholder, EVER.

Why on earth would a person buy stock at a price much higher than they received from the company.

They are given shares for services or cash investments in the company.

Usually at Par value, or at the very least a greatly reduced price from the PPS at the time of the transaction.

The post is 100% incorrect.

Noteholders do not buy stock, they sell it out of the A/S and it increases the O/S and float.

And yes, it is dilution.