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Still waiting for that tomorrow PR, was Dilution King Edward drink again when he posted on FB
Lol did next week pull a not tomorrow again
He can’t help it, think he graduated from Dumb High
"Today'' is the 12th...not tomorrow.''
Get your coffee ready and enjoy the SUTI laugh tomorrow morning.
SHAREHOLDERS UPDATES:
We are posting several PR updates for Tomorow Sept. 12, at 9an EST.
Check our company headquarters for RJR Capital:
https://www.redfin.com/TX/Gunter/409-E-College-St-75058/home/33693951
RJR CAPITAL PARTNERS LLC
Texas Taxpayer Number 32086770578
Mailing Address 409 E COLLEGE ST GUNTER, TX 75058-9728
Right to Transact Business in Texas ACTIVE
State of Formation TX
Effective SOS Registration Date 10/15/2022
Texas SOS File Number 0804770972
Registered Agent Name RANDOL E BRADSHAW
Registered Office Street Address 240 ELKS BLVD. POTTSBORO, TX 75076
240 Elks Blvd
Pottsboro, TX 75076
$7,417
Market Value
Appraisal District
636 Sqft.
636 lot Sqft.
1970 year built
Legal Description: ELKS LAKESITE, RSORT-ELKS TRACT 33 & 33A, / IMPS ONLY
What happened with this ridiculous PR from 7/27??
As usual......NOTHING
https://www.bloomberg.com/press-releases/2023-07-27/sutimco-inc-new-business-acquisition
https://opencorporates.com/companies/us_tx/0804770972
Isn’t today Wednesday, no PR today????
WOW please please someone hold this back, all these share flying off the shelves.
Must be the trust everyone has of Dilution King Edward
FB SUTI
The management is working on a tender offer for acquisition, and we believe that the deal will enhance SUTI PPS and postion. Its a friendly deal...We are trying to get PR released for Wednesday.
Laughing At Dilution King Edward
SUTI still a scam.
Dilution King Edward hiding again
VWAP= $ 0.000117...a $100 end-of-day "ask slap" was responsible that "100% gain." This is still .0001 garbage
SUTI
SUTIMco International Inc (PK)
0.0002
0.0001 (100.00%)
Volume: 2,870,000
Day Range: 0.0001 - 0.0002
Last Trade Time: 3:22:07 PM EDT
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172491505
Folks wanting to follow that sordid saga would find lots in the AURI thread here.
Did you post the divorce update here?
Exactly. Way more complicated than Eddie Vakser can handle. And, his silly penny stock scam companies will never be able to get any second round legitimate financing as it is obvious there will never be any sustainable real world operations, products or services. We could write an expose rivaling Gone With the Wind in length chronicling Eddie Vasker's lie-filled, fantasy press releases that never come to fruition. The Vaktanic cannot be raised.
https://westchesterangels.com/what-happens-to-a-convertible-note-if-a-startup-fails/
This "Convertible Notes" scheme may well be Eddie Vakser's last hoorah!
enlightening stuff
Eddie Vakser brayed on Facebook:
SUTI Inc
11h ·
Today. Wyoming SOS (secretary of state), posted Auri Inc updated reduced share count by 3 Billion shares, and as we baught back 620 million shares from OS, several weeks ago, we should see another major block on OTC Markets next week. These efforts, are designed to tighten the markets for all of our companies, and help the PPS, increasing the shareholders value. We are doing this to all 8 of our companies that are publicly traded, NEXT SUTI is being reduced NOW, so that the roll -up does NOT have all the overhang...etc.. And finally, most of you already noticed that we also acquired all the Convertible Notes as well!!! Have a great weekend!
Convertible debt definition
With convertible debt, a business borrows money from a lender or investor where both parties enter the agreement with the intent (from the outset) to repay all (or part) of the loan by converting it into a certain number of its preferred or common shares at some point in the future. The agreement specifies the repayment and conversion terms which include the timeframe and the price per share for the conversion as well as the interest rate that will be paid until either conversion or maturity.
Convertible debt (also called convertible notes) is a form of financing that is often used by high-growth early-stage companies. It starts off as a loan (debt), but the lender and the company have options to convert the debt to equity under certain predetermined terms called “conversion privileges” as specified in the deal’s term sheet. Under such an agreement, the lender generally does not place a valuation on the borrowing company, meaning the current or future value of the company might not be taken into account when the loan is being made. However, in many circumstances, a valuation cap (ceiling) is included in the terms....
This type of financing is typically provided by a venture capital firm, angel investor or debt lender.
Lenders or would be investors like convertible debt because it can provide them with interest payments for the duration of the note, discounts typically ranging from 10% to 20% on the ultimate conversion value, and priority ranking over the preferred shares or common shares as outlined in the term sheet until they decide to convert the outstanding debt into equity....
A convertible note is a way for seed investors to invest in a startup that isn’t ready for valuation. They start as?short-term debt?and are converted into equity in the issuing company. Investors loan money to the startup and are repaid with equity in the company rather than principal and interest. The convertible note is automatically changed into equity once a specific milestone has been reached, usually when the company is officially valued for later investments....
Why Are Convertible Notes Used?
Startups that need pre-seed or seed funding use convertible notes to raise money before offering equity funding. Since founders can buy their shares when they’re incorporated at a price specified in the articles of incorporation, turning around a few months later and selling shares at a significant markup would look suspicious.?
Convertible notes are used to avoid this issue. There often isn’t enough data to form a valuation of the company in the early stages. Using the seed funding to get the company up and running provides a stronger foundation for valuation before the Series A funding round.?
Benefits of Convertible Notes
Convertible notes?allow startups to focus on growing their business before they have to start paying back debt. This is particularly important for tech companies that need to spend a lot of time fine-tuning their product. Convertible notes are a fast and straightforward way for startups to raise money. Issuing equity is a more complicated process, and convertible notes bypass that by using debt.?
The benefits to investors are clear. Startup companies with high-growth potential offer an outsized return on their investment when everything goes well. Particularly with convertible notes with a low valuation cap and a steep discount, investors can end up with a lot of equity obtained at bargain-basement prices.
Terms of Convertible Notes
Investors are usually interested in convertible notes because they believe the company will experience a lot of growth. Ultimately, they think the equity in the startup will be worth more than the interest on the debt. Convertible notes include the loan and repayment terms as well as the following:?
Interest Rate
Convertible notes are a loan, so there’s an interest rate. The difference is that convertible notes pay interest in equity rather than cash. The interest rate is the amount that will be added to the principal amount when the note is converted. Interest rates are usually low and in line with current rates as the value is primarily in the equity conversion.......
Disadvantages of Convertible Notes
While convertible notes offer many benefits, there can be significant drawbacks for both startups and investors. These include:
Failure to Secure Future Financing
There’s always the possibility that the company won’t be able to raise equity financing in future rounds. If the note matures and the company cannot get additional funding, it’s unlikely they’ll be able to repay the note. Defaulting on a convertible note can push a company into bankruptcy. However, if an investor forecloses on a company, they’re basically guaranteeing a total loss on their investment. This is a losing situation for both sides. Before investing in a convertible note, investors and startups need to have a clear idea of all paths forward, including failure.?
Giving Away Shares of Equity
For companies, the most significant disadvantage to convertible notes is giving away future equity that has the potential to be far more valuable than the original loan. This is particularly true with low valuation caps. Startups could be giving away a large percentage of their equity if they have significant, unexpected growth in the very early stages.
Complications from Poorly Planned Notes
Companies with too many notes or notes that aren’t set up carefully may be putting themselves at risk later. Convertible notes are usually structured as a single agreement called the note purchasing agreement. This covers all of the financing terms. Promissory notes are then issued to individual investors with the date and amount of their investment. However, if startups issue staggered convertible notes with different terms, future negotiations may be compromised by problems with the?cap table.?
Time-Consuming Process
Though convertible notes are far more straightforward than Series A funding, they can still be complicated and time-consuming to negotiate. They have to be drawn up by lawyers and passed back and forth between investors, founders, and their lawyers before the terms are finalized......
Convertible notes are high-risk investments, and investors are expecting a big reward.?
Companies that are acquired before their convertible notes’ maturity date or choose not to raise any equity funding risk disappointing their early investors even if they pay back the loan. Though this rarely occurs, it’s best to have language in the convertible note that deals with this possibility. Many convertible notes include a standard 2x payout term to cover this.?
In cases where the company isn’t on track to convert or repay the loan by the maturity date, there are a couple of options. Investors may be willing to extend the note, hoping that funding will be secured with more time. Investors may want to renegotiate the convertible note terms when this happens by asking for a more considerable discount or a lower cap.
What Companies Are Good Candidates for Convertible Notes?
Early-stage startups that are on track to grow quickly can benefit from seed funding in the form of convertible notes. However, it’s crucial to have a clear path toward valuation so that the conversion won’t be an issue when the company is ready for another round of funding......
In Conclusion
Convertible notes can be an excellent option for the right company and the right investor. The high-risk, high-reward model can offer a way for startups to obtain seed funding before they have the resources to get to Series A funding. However, having a clear plan for all eventualities is imperative for both sides to benefit from the arrangement.? ? ?
"The Drunk who cried wolf.'' No one believes him
Yawn he keeps repeating every thing but never delivers anything. Typical next week promises.
1045 and not 1 share sold/bought, wow great action here.
Tokens those worthless tokens
Let see the money dilution King Edward
Waiting for my morning laugh
SHAREHOLDERS UPDATES:
Its been a long time in developments and production, so SUTI, is finally ready for the Big Times. Today's PR at 9am EST, will explain a littel better.
Yes you are quite the “stock autist”
Simply GENIUS!!! MIND BLOWING!!!
https://www.upcounsel.com/rights-of-shareholders-in-a-corporation
https://thebusinessprofessor.com/en_US/business-governance/role-of-shareholders-of-the-corporation
https://www.investopedia.com/investing/know-your-shareholder-rights/
Shareholders have a right to access documents and financials, the right to vote, and most importantly the right to sue. Shareholders need to seek counsel in the Collin County / Dallas County area that are qualified to handle class actions suits and explore their options. Eddie Vakser's numerous fraudulent press releases and social media pages are all actionable.
What are shareholders rights if they believe Eddy is going crazy. He need to be relieved of any association with the tickers and shareholders. Can shareholder request he sits for a pych test before he can handle any fiduciary responsibilities that he has failed at horribly.
Yep he can't run on Stellar or xrp network because he'll get flagged as a scam. God I love the new financial system. These crooks won't be able to get away with stuff anymore. Tick toc till all his tickers are dead. Your wasting your money here. New system fast approaching and cons are dead. Seems only ones left on the hub employee by the toxic financiers.
How long before you drop the Ole I'm stepping away PR? We know it's coming!!! Lol
Rotflmao remember people 99% of these cryptos going bye bye. This dude dropping token like its no tom. How much longer feds allow this to go on?
Will you pay Barry with the lien on Auri
SHOOTING ANOTHER ANGLE TO DEFRAUD TRADERS OUTTA THEIR MONEY?
Sounds worthless to me.
Eddie Vakscam promised wildly successful tokens listed on numerous exchanges. The Black Dracos are a complete bust. They are trading at 0.000028 on Dextrade in the rare instance that any trades occur. Bilaxy had no trade after September of last year and has delisted them.
The NFT sales were totally laughable:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169485282
OpenSea shows no sales whatsoever:
BlackDracos
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BlackDracos is a collection of NFTs created by renowned and up-and-coming artists, for the first time in history. The BlackDraco platform disrupts traditional art markets through open economies and decentralized blockchain technology. Our vision is to create an ecosystem that will allow all people to participate in the arts industry, be it as an artist or consumer. Our goal is to provide artists with the opportunity to monetize their work while preserving valuable works of art across generations; this can only be achieved through digital scarcity.
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Our team at SUTI, wanted to thank all shareholders at BD_R and PR_M , for our pioneering participation with paying out a dividend using cryptocurrency developed and launched by our company. As a result of us developeing such Tokens and NFT's for our other companies , SUTI with the Sovereign Tokens , we are ready for OTC Markets Trading Board to accept our coins and allow for a better trading access, and automated easier way to pay future dividends. As a recap, several week ago, FINRA awarded Crypto Currencies trade for OTC Markets trading platform.
We are also celebrating new developments with our spearhead company Au_I for our roll-up process to NAZDAQ , this will add to SUTI, BD_R and PR_M shareholders value and PPS.
SHAREHOLDERS UPDATES: We have some wonderful news for tomorrow for our distribution deals and products. Also since this round of dividends is the first for Au http://Auritoken.io ,we just received a new dividend payout ratio, that is much better in favor of the shareholder, and we will announce the details next week. This is obviously great news and developments, since FINRA awarded Crypto Currency trade and distribution deal exclusively to OTC Markets.com Trading Platform , our team was the first on Micro Cap OTC Markets who paid a token as dividend for our other group BD_R and PR_M , so now, the new distribution should be easy and automated.
SUTI will be announcing Its own position in the Au_I roll-up to NASDAQ, and the formula and ratio for SUTI's thr "SOVEREIGN" token.
Barry put a lien on Auri last week. Check his Auri update
Dilution King Edward I’m still waiting and watching.
I still see nothing real, only real Dilution happen in SUTI land.
Prove me wrong
No one needs an otc toxic pig creating tokens. Guys constantly throwing crap and the wall to see what sticks. I can give you 10 tokens off hand that'll make you more money than this guy's pinky token con. God I can't wait till they lock this guy up. SEC eyes are watching intently.
NICE MONEY GRAB SIR LOL THE MONEY GRABS CONTINUE TO GET SMALLER AND SMALLER ,THE LIFE OF A SERIAL SCAMMER
Scammer. Your Black Dracos are pretty much dead and worthless.
https://dex-trade.com/spot/trading/BDGRUSDT?interface=oldlayout
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Div? Scammer
What Dividen
Lol, notice never a business plan, revenues, executed deals generating revenue, employees, actual office, lol an actual company to call and visit, well you know next week is always talking about getting current, share reductions, selling shares, RS, and blaming others!
Next week next week, next week!
What will next week promise next week! Nasdaq, shares reduction, excuses and more excuses, lol 😂!
Man will his wife press charges now she has a restraining order?
Nobody is buying this idiots bullshit anymore.
Value?????? LMAO
My lien did its purpose. We stopped a scammer and predator from taking advantage of people. I'm happy. I'm just still upset I will never see my $20M from Vakscam but the lien remains and pressure applies to Vakscam and his cronies to this day to pay up.
SUTI
SUTIMco International Inc (PK)
0.0001
0.00 (0.00%)
Volume: 200,000
Day Range: 0.0001 - 0.0001
Last Trade Time: 10:32:11 AM EDT
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