Replies to post #10337 on Writ Media Group Inc. (WRIT)

[Rbond75]

A/S is only a little above 2 bil as of august 16, 2013

[Mtrader16]

It's one of the first things in the Q report, why don't people read this? lol

Common stock, $0.00001 par, 20,000,000,000 shares authorized, 2,165,945,787 and 1,573,982,182 shares issued and outstanding, respectively

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9464607

Followed by pages and pages of convertible debt.

Asher and Magna have hundreds of millions of shares they received at .00003, yes that is less than .0001 LOL

Take 5 minutes to read it and you won't think twice about losing your money here.

Bag holders are just in denial and that's understandable, but you have to know when to sell and move on because this obviously is not going anywhere but down.

Sorry to bring the honest bad news.

[retireat40]

From the 10Q:

Shareholders' Deficit

Preferred Stock:

Series A convertible preferred stock, $.00001 par, 130,000,000 shares authorized, 10,000 shares issued and outstanding
- -
Series B convertible preferred stock, $.00001 par, 70,000,000 shares authorized, 0 and 10,000 shares issued and outstanding, respectively
- -
Series C convertible preferred stock, $.00001 par, 20,000,000 shares authorized, none issued and outstanding
- -
Common stock, $0.00001 par, 20,000,000,000 shares authorized, 2,165,945,787 and 1,573,982,182 shares issued and outstanding, respectively
21,661 15,741
Additional paid in capital
1,731,867 394,021
Retained deficit
(1,966,933 ) (624,261 )
Total shareholders' deficit
(213,405 ) (214,499 )
Total Liabilities and Shareholders' Deficit