Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Been adding this hidden gem. 20M now
this is getting loaded here at .025s. Should I say bottoming....and getting ready for a huge run up. I think we are getting close to some news, auditor for OTCQB, large order with hospital network, payment of $1.2M for licensing next month. All these are going to get inked into the quarterly report.
this one needs some patience. company obviously doesn't want to trigger any alarm and let traders rushing in and out of their stock. Something is being worked at here. and I'm saying this here now, I do see them retiring a big chunk of common shares right after they become a SEC filer. They are shaping up this shell for a big merger coming in!
change of business to mining “commodities relating to battery and new energy technology”, “minerals and metals to components” acquisition/merger play here. Still very low float. Hit .25 earlier this year. Hired a new COO who was the president of NYSE $IPI
Sounds like lithium play it is. CEO very tight lipped
They filed an 8K with SEC stating name changed to Digital Utilities Ventures because that was the step they missed by the previous management if you want SEC compliance. I bet new business name coming right after they become a SEC filer again.
That’s what they were before. They were just doing their due diligence to complete all filing work in order to catch up as a SEC filer under the name Digital utilities venture and business. This is the right step with SEC. Now they are changing business to Green solutions that include EV, battery, solar, recycling and others. It costs a lot to be a SEC filer. Something big coming.
Added more today
Next leg incoming
Chart is flagging. Can run soon
Management needs to act quick. Trillium is known as the worst toxic note holder. They only sell.
Adding more VDRM here
.03s next week
Yes company makes $270M as of date in the book but hasn't taken any immediate action to resolve all these toxic notes once and for all, and still went ahead to issue 55M shares for the conversion of the interests. Yes, they extended the maturity dates of both notes but still won't help much once they get converted into common shares in the coming days. Note that the new Maturity Date of the Notes shall be October 6, 2022 ($1.1M) and January 28, 2023 ($1.1M), respectively, plus the warrant purchase price at .0019 for 540M shares. You are talking 2.5B shares to be flushed into the market, if company doesn't negotiate for new terms or pay them off. 2.5B is enough to destroy the stock price. Both Trillium and 3a are vultures here. No matter how much revenue the company makes, 2.5B is just too much to absorb and that's the fact.
You should look into the stocks that Trillium is involved of. Every single one of them got traded down in .001s or trips
Company is making profits so they should do whatever they can to settle these toxic note as early as possible. These toxics are the toxic of the toxics and they will definitely hold the stock price back from rising no matter how good their earning reports are. I like the company but not the toxic notes they took on.
You taking 1B share dilutions coming. 55M is just the tip of the iceberg
Same thing extend or not, 55m issued is enough to destroy the stock price, will likely see below .05 or .03 soon
Trillium partner is known as the most toxic note holder in the street. Company should really settle this as soon as they can or their stock price will get destroyed by this note holder. No joke.
You do know these 55M shares issued are just for the $110,000 interests right? Actual note is due on Oct 6 for $1.1M. Hopefully prior to then, company would re-negotiate new terms or pay it down.
Company will need to raise AS and issue 1B shares to Trillium partners for the conversion and warrant purchase at .0019.
Company should really try to pay off this toxic notes ($1.1M) by Trillium Partners with their net income, not to issue 40M shares. More shares to be issued. Huge dilutions coming. Conversion price at $0.00179638 for $1.1M toxic notes, plus a warrant to purchase up to 570,478,452 shares of the Company’s common stock at an exercise price of $0.001946,
Convertible Notes Payable
Trillium SPA
On October 8, 2020, the Company entered into a Securities Purchase Agreement (the “Trillium SPA”) with Trillium Partners (“Trillium”) pursuant to which the Company sold to Trillium (i) a 10% secured subordinated convertible promissory note in the principal aggregate amount of $1,111,000 (the “Trillium Note”) realizing gross proceeds of $1,000,000 (the “Proceeds”) and (ii) a warrant to purchase up to 570,478,452 shares of the Company’s common stock at an exercise price of $0.001946, subject to adjustment as provided therein (the “Trillium Warrant”). The note was amended on October 14, 2020 to adjust the conversion price to $0.00179638 as noted below. The transaction with Trillium closed on October 19, 2020 upon receipt of the proceeds.
The Trillium Note matures on October 6, 2021 (the “Maturity Date”) and is convertible at any time. The conversion price of the Trillium Note shall be equal to $0.00179638 (the “Conversion Price”); provided, however, that in no instance shall the investor be entitled to convert at a price lower than $0.00119759 (the “Trillium Note Floor Price”) and in no instance shall Trillium be entitled to convert into such an amount of common stock that, together with all shares of common stock which have been previously converted, would equal greater than 13.8875% of the total issued and outstanding shares of common stock of the Company, subject to adjustment as provided herein, including, but not limited to, adjustments for any stock split, stock combination, reclassification or similar transaction that proportionately decreases or increases the common stock during such measuring period. The Conversion Price shall be rounded down to the nearest $0.0001 and in no event lower than $0.00119759.
Provided that the Company has satisfied all of the Equity Conditions (as defined in the Trillium Note) the Company may deliver a notice to Trillium an “Optional Redemption Notice”, of its irrevocable election to redeem some or all of the then outstanding principal or interest amount of the Trillium Note for cash in an amount equal to the Optional Redemption Amount as further described in the Trillium Note (the “Optional Redemption Amount”) on the 20th Trading Day following the Optional Redemption Notice.
The Trillium Warrant has a term of five years and may only be exercised on a cash basis at an “Exercise Price” equal to $0.001946, subject to adjustment (the “Exercise Price”); provided, however, that in no instance shall Trillium be entitled to at a price lower than $0.001946 (the “Floor Price”) and in no instance shall Trillium be entitled to exercise the Trillium Warrant into such an amount of common stock that, together with all shares of Common Stock which have been previously exercised by Trillium, would equal greater than 8.546% of the total issued and outstanding shares of common stock of the Company, subject to adjustment, including, but not limited to, adjustments for any stock split, stock combination, reclassification or similar transaction that proportionately decreases or increases the common stock during such measuring period. The Exercise Price shall be rounded down to the nearest $0.0001 and in no event lower than $0.001946.
The original issue discount of $111,000 will be amortized to interest expense over the life of the note. In addition, the Company paid legal fees of $50,000 which will be amortized to interest expense over the life of the note. As discussed below, the note was amended on October 14, 2020 at which point all unamortized discount was written off.
The Company determined the fair value of the warrant and the beneficial conversion feature of the note using the Black-Scholes model and recorded an adjustment to the carrying value of the note liability with an equal and offsetting adjustment to Stockholders’ Equity. The warrant was valued at $563,341 and the beneficial conversion feature was originally valued at $65,453. Upon amendment of the note on October 14, 2020, the Company accounted for the modification as debt extinguishment and the Company recorded a loss on extinguishment of $1,147,856. In addition, the Company recorded a beneficial conversion feature with a value of $436,844 which was recorded to additional paid in capital. See assumptions used for fair value calculation below.
There was total unamortized debt discount related to the Trillium SPA of $0 as of February 28, 2021. During the three and nine months ended February 28, 2021, the Company recorded amortization of debt discount totaling $13,054 until amendment of the note as discussed above.
As of February 28, 2021, the outstanding balance on the Trillium Note was $1,100,000 and the Company was deemed in default. On January 29, 2021, the Company and Trillium entered into a waiver agreement which waived any and all defaults underlying the Trillium SPA and the Trillium Note for a period of six months.
Buying more .15s
Picked up some .19s looks it has another leg coming up
5th day closing green above .03
Doesn’t matter. Revenue is revenue. Sooner or later to inked into the book. Market will bring the price up just a matter of time.
App release not far away. It will follow with some contracts and deals. A new trend has started with the stock chart.
Deal with Hospital network chain news should be next. Expect to hear about it next few weeks. This is what the market is waiting for as well during this accumulation time.
Big merger coming
Shares are getting accumulated. That’s all I can say. Patience will take you to see .50
fireworks around the corner. Expecting big merger news!
This one will see pennies once company updates and announces their merger target.
App launch coming next week
Lawsuit coming watch out
Are we talking a possible EV play here? Now the book is cleaned with $19M net!
No worries at all. Every platform has got its own market.
SP will skyrocket once they rollout APP
This is WOGI 2.0 here. Filings plus share cancellation coming!
Picked up 5000 shares at $3.5 today. Next Meats is growing faster than beyond meat in Asia. I’ve been to the restaurant where they serve their veggie meats in Taiwan! It’s all real.
Been holding since .03s! And been buying here as well. Will trade in dollars!