Replies to post #82852 on Options Media Group Holdings, Inc. (OPMG)

[VIPR]

Jeez, no wonder why the stock has been tanked so hard since the NON-CONCERT that St. Clair Cancelled in April. Look at all the shares they issued to rain down pain on investors heads...(prior to as well as after the "non-concert")

http://ih.advfn.com/p.php?pid=nmona&article=54060158

In March 2012, two holders of Series A converted 850 shares of Series A into 17,000,000 shares of common stock. Additionally, one of the holders of Series A, converted accrued dividends of $2,368 into 473,506 shares of common stock.

In March 2012, the Company voluntarily reduced the cost basis of a prior Series A conversion to common stock (original conversion was $0.01 per share, this conversion reduces the cost basis to $0.005 per share) by issuing 2,500,000 shares of common stock. The additional shares were valued at $12,500 and were immediately expensed.

In connection with the $150,000 convertible note payable the Company issued in March 2012, the Company in April 2012, issued the lender 53,575,715 shares of common stock (as part of a voluntary reduction in the conversion price of previously converted securities into common stock). The prior investment did not contain anti-dilution provisions and thus, the Company recorded the fair value of the grant (based on the $0.0048 market price), and recorded an investor relations expense of $257,163.

In April 2012, 500 shares of Series A converted into 10,000,000 shares of common stock.

In April 2012, the Company issued 20,000,000 shares of common stock to a law firm for services rendered. The shares were valued at $92,000 and were fully expensed at the time of issuance.

In May 2012, two investors in the Company’s Series A converted 200 shares of Series A into an aggregate of 20,000,000 shares of common stock.

In May 2012, 42.1875 shares of Series E owned by our CEO vested and were immediately converted into 5,468,723 shares of common stock.

In May 2012, the Company issued 140,000,000 shares of common stock as part of a settlement related to a $140,000 customer deposit. The value of the shares were recorded as a contra revenue in accordance with ASC 605-50-25 and off-set the $140,000 of income recorded during the second quarter ended June 30, 2012 related to the customer deposit.

In June 2012, the Company issued 60,000,000 shares of common stock per the provisions of Series G that calls for a ratchet of those common shares still held from those that were initially issued upon the conversion of the preferred stock to common stock.

In June 2012, an investor in the Company’s Series A converted 150 shares of Series A into an aggregate of 15,000,000 shares of common stock.

See below for additional discussion of conversions of preferred stock to common stock.