VIDWRX INC SMDWF

RE:RE:RE:Bought some at 2 cents, had an ask order of 3 cents

[watchmeplz]

Sorry I forgot to add the debentures are secured to, company goes belly up, they get paid first! Just alone if the shares converted today that would be $160,000, or 8% of the money financed. Which already 12+8= 20% loan (worse than my credit card). And it doesn't stop there, then still add another 5% royalty on revenue. Wow! Seriously possibily the worst deal I've ever heard in my life.

watchmeplz wrote: That financing was brutal anyways. Paying 12% with a 5%royalty with additional 8mil shares bonus. Omg, what is that? By the time that financing is through that's like 150% interest lol! And the investor gets to tell the company basically what to do with the cash. Wow unreal!

Btw, I think it's good news or something neutral, the financing was just announced so I don't think they would just announce it then get rid of it right away unless a better deal was structured. Could be to close the deal but tsx slow so doubt that.. Probably to announce a contract or some new line of business is my guess.

dannyd9 wrote: Few possible outcomes. Could not close the placement finanancing or received a new financing offer. Has been selected by one of the big boys for expanded video production; this is a possibility as it was mentioned in their last discussion on sedar. The trading of the last few days really has not been any indication of leak as the stock was trading on an even keel. Without finanacing closing, they may have to restructure.