Replies to post #15595 on Smoky Market Foods, Inc. (fka SMKY)

[Snizzle]

Very true...and that's my point..

If Smky had 1mil. Dollars in convertibles thru Asher then cyber and Stone Boys information and thoughts would be on target.

However, that's NOT THE CASE AT ALL!! Very little convertibles and very little shares added to the O/S from convertibles.

Do the convertibles need to stop...yes!

Are the convertibles killing the company and the share structure....NO, not in the least bit!


Smky!

[Huggy Bear]

It was 175K in Asher financing and only 4K left on the books as of June 30th so safe to assume more Asher financing has already occured since the "real" financiers have not showed up yet.

Check the SG&A costs before you assume they are not pocketing the Asher financing. They are paying themselves with the Asher money to do ummm, something.

[DOLLARLAND]

Bingo! All this talk of selling shares to put money in the pocket of the CEO is complete nonsense. SMKY's CEO has the most to gain, but also the most to lose, depending on SMKY's outcome. He is obviously doing everything he can to make it a success, and I believe he is on the correct path now.