Replies to post #7767 on SilverSun Technologies Inc (SSNT)

[Det_Robert_Thorne]

Tell us something we didn't know, Maestro

Thank you for breaking down how the stock was distributed, but anyone involved with SSNT in the past year already knew that this would happen, because I've been writing about it extensively.

Here's what I wrote on Aug 19, 2011:

In a response to a question as to why Meller would totally converts his debt to shares, I responded:

At some level, I'm sure it is something he's considered, but if he wasn't thinking about converting all of them, then why reset the conversion from 50% of the lowest issued price, or $0.00005, to what is in effect, $1/1975, or $0.0005 (that new, fixed conversion ratio is shown on page 9 of the recent 10-Q:

edgar.sec.gov/Archives/edgar/data...

At some level, I'm sure it is something he's considered, but if he wasn't thinking about converting all of them, then why reset the conversion from 50% of the lowest issued price, or $0.00005, to what is in effect, $1/1975, or $0.0005 (that new, fixed conversion ratio is shown on page 9 of the recent 10-Q:

http://edgar.sec.gov/Archives/edgar/data/1236275/000118518511001118/silversuntech10q063011.htm

Adjusted for the roughly $1.35M he actually has invested (between the old, forgiven $1.3M and the newer $51K), the actual price is closer to 1.35 cents, not the 0.05 cents if you just look at the $51K.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=66358496

I could post several others that I posted over the past 9 months, but you get the point.

BTW, because Meller sold some of his shares to the company for use as part of their compensation, the number of outstanding shares did not need to be increased, as it would have if they had issued new shares for said employees.