Branded Legacy Inc (BLEG)

[traderwil]

I think we provide a "constructive" critique or analysis of VATE, as opposed to those "scam company" posters that every board seems to attract. Regarding Ryan allowing the note conversion at 0.002, it could have been much worse. Note conversion rates are set when the note is issued, so an old note inherited from a previous iteration (shell) of the company may have a conversion rate of 0.0001 if that was the going rate. Look at the financials of almost any new hemp company and you'll see similar debt reduction paid with the only thing a new company has...free trading stock. I just reviewed the financials of a hemp company trading in the 4 to 5 cent range, and they issued 45 million shares to pay off $70,000 in LT debt. Dilution, maybe, but the alternative is 8% or more high interest debt convertible at a fraction of today's pps. All IMHO.