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Durand

05/29/13 10:49 PM

#12248 RE: 236T568 #12247

So your plan assumes there's enough buyers to absorb enough shares so that the lender can make back the 400K plus X "guaranteed return" AND it assumes that MIMVI doesn't pay back the note. If the note's paid back in cash then what? The lender is sitting there short 4 million shares with no way to cover. They'll have to either buy back the shares on the open market or if the price is over .25, pay MIMVI another 1 million to exercise the warrants and use those shares to cover the short. Yeah, that's one great no risk plan. Maybe you should be a financial advisor. What's the annualized return if the lender sells short at .12 then has to buy back the shares at .25?