VIDWRX INC SMDWF

RE:RE:RE:RE:RE:I still believe in big things ahead

[Bitgold]

ElectricFuneral wrote:

tor27 wrote: I agree with you RE: not trusting Management. However, I believe Derek the new CRO requires these funds to implement a 'Salesforce' program which I am told will take the company to the next level. Apparently he had great success with the same platform at his former company. Again, this is what I've been told. Like you and everyone else, financing at these levels was beyond stupid and George needs to go.

Thanks to you to M. tor27. But, if you read my previous post, you will have to reconsider your statement about M. Fleming, that played it quite well considering the huge manipulation on the venture. If we only add another 7M units (14M shares), I guess that he would be consider a real good Poker player. From our first PP, we were supposed to raise $2M + $1,4M (from the 4 millions warrants exercised at .35). Total = $3,4M. Now, we have raise $1,2M for 4,8M shares at .25 (+ possible $750K for 2,4M warrants at .315) + 360K (debt restructuring) for 2M shares at .18 ( + possible $125K for 500K warrants at .25) + 700K for 7M shares at .10 ( + for sure $875K for 7M warrants exercised in no time). In a perfect world the first PP would have gave us $3,4M for 12M shares. The way it's heading, we will raise $4M and got rid of $360K in debentures for 24M shares. Not bad, for those who ddidn't panic. Listening to bashers this one would have gone to a 50M shares dilution from our latest 3 PP + debt restructuring. I guess we could let 13M units on the table. And that is all because of the debt restructure that M. Fleming Closed at the sound of the belt. Way to go.....

Right again EF! Guess we can look ahead with all the cash aboard, next quarters will be great to see.