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“ The Company and its subsidiaries entered into a $81,250,000 senior secured term loan credit facility (the “Term Loan”) with Perceptive Advisors (“Perceptive”), an investment manager with an expertise in healthcare. Proceeds from the Term Loan, along with existing cash and the issuance of new American Depository Shares (“ADS”) in the Company, will be used to retire substantially all of the Notes.
The Term Loan will mature on the fourth anniversary of the closing date and accrues interest at an annual rate equal to 11.25% plus the greater of (a) one-month LIBOR and (b) one percent per annum, and interest will be payable monthly in arrears in cash. The Term Loan does not require any amortization, and the entire unpaid balance will be payable upon maturity.
The funding of the Term Loan is subject to a number of conditions precedent including the repayment of at least 99.7% of the Notes and approval by the Company’s shareholders of the Term Loan, an increase in the authorized share capital of the Company and the issuance of the Warrants. The Company intends to convene a general meeting of the Company to consider these matters in January 2022.
In connection with the Term Loan, the Company has agreed, subject to drawdown of the Term Loan, to issue warrants (the “Warrants”) exercisable for 2,500,000 of the Company’s ADSs to Perceptive. The per ADS exercise price of the Warrants is equal to the lower of i) the 10-day volume weighted average price (“VWAP”) for the Company’s ADSs for the 10 business days prior to December 15, 2021 and ii) the 10-day VWAP for the Company’s ADSs for the 10 business days prior to the drawdown date of the funding under the Term Loan. The Warrants are exercisable, in whole or part, until the seventh anniversary of the date of drawdown of the funding under the Term Loan.
In addition to the Term Loan, the Company has entered into exchange agreements (the “Exchange Agreements”) with five institutional investors that hold approximately $99.7million of the outstanding Notes, which are puttable by the Holders in April 2022. Under the terms of this agreement each holder will receive $ 0.87 of cash and the equivalent of $0.08 of the Company’s ADS (based upon the 5-day volume weighted average price for the Company’s ADSs for the 5 business days prior to December 10, 2021, discounted by 13%) per $1 nominal value of the Notes. The consummation of the Exchange Agreements is conditional upon (among other things) the approval by the Company’s shareholders of the issuance of ADSs pursuant to the Exchange Agreements and certain matters related to the funding of the Term Loan, with such approvals to be included in the agenda of the January 2022 general meeting of the Company.
Two of the Company’s existing board members, Jim Walsh and Kevin Tansley, have announced their intention to retire from the Company’s board in the coming months. The Company intends to retain an internationally recognized executive search firm to identify three suitably experienced and qualified candidates to join the Company’s board as independent directors. Following these appointments, the Company’s board will consist of five independent non-executive directors and two executive directors, Mr. Ronan O’Caoimh, Chairman and Chief Executive Officer and Mr. John Gillard, Chief Financial Officer. As part of this process the Company will seek to increase the diversity of its board membership.”
https://www.otcmarkets.com/filing/html?id=15423788&guid=jdfwkePL-zw-B3h
If it is pre-known that nothing goes easy, then the word “imminent” should not have been used definitively in the PR imo, 12/20/21 is not imminently after 12/13/21 when the company began migrating from the beta test over to production ready systems. It’s way past the imminent time frame.
Congratulations
Big week this week as investors take notice of this opportunity
“ Patent applications have already been submitted and the mobile apps will be launched imminently following the Public Beta testing.” - 12/6/21 PR
Didn’t happen though, a week later still not launched.
The definition of imminent is “any moment” not “next year after we figure out how to implement beta test suggestions.”
“ Public beta will be switched off from Sun 12th Dec as we migrate across to production ready systems. We thank everyone for providing their feedback. Keep it coming!
$DRCR
Public beta will be switched off from Sun 12th Dec as we migrate across to production ready systems. We thank everyone for providing their feedback. Keep it coming! #SwiftyFam #YouAreAmazing
— Swifty Global (OTC:DRCR) (@SwiftyGlobal) December 7, 2021
gshn sitting over 30.00 losing money fast, big tax bill to pay as per 10-q
arat at over 7.00 no assets, no revenue waiting on merger?
hraa at .31 no amerigard merger ?
sbox still at .15 after a year “ Warning! This security is eligible for Unsolicited Quotes Only
This stock is not eligible for proprietary broker-dealer quotations. All quotes in this stock reflect unsolicited customer orders. Unsolicited-Only stocks have a higher risk of wider spreads, increased volatility, and price dislocations. Investors may have difficulty selling this stock. An initial review by a broker-dealer under SEC Rule15c2-11 is required for brokers to publish competing quotes and provide continuous market making.”. - OTCmarkets
“
Because the Company does not expect that existing operational cash flow will be sufficient to fund presently anticipated operations, this raises substantial doubt about the Company’s ability to continue as a going concern. Therefore, the Company will need to raise additional funds and is currently exploring alternative sources of financing. The Company is currently being funded by David Lazar who is the managing member of Custodian Ventures, LLC., the Court-appointed custodian who is extending interest-free demand loans to the Company. The Company will be required to continue to rely on Mr. Lazar until its operations become profitable.
”
https://www.otcmarkets.com/filing/html?id=15236420&guid=zAfwkeaCFHvNB3h
No assets, liabilities or revenue.
Per 10-q, Cash and assets down 50% quarter over quarter , tax payable is 6 million dollars , revenue for quarter 33,000 dollars. Why are people buying this at 35 dollars.
https://www.otcmarkets.com/filing/html?id=15180205&guid=zAfwkeaCFHvNB3h
Buy a real low float company with stable financials, IWINF, reviewed products on major store shelves.
From 10-Q:
“ Reverse Merger
On July 30, 2021, the Company and Dyckmanst Limited, a company organized under the laws of the British Virgin Islands (“Dyckmanst Limited”), and all shareholders of Dyckmanst Limited immediately prior to the closing (collectively, the “Dyckmanst Limited Shareholders”, each, a “Dyckmanst Limited Shareholder”) entered into a share exchange agreement (the “Share Exchange Agreement”), which closed on the same date. Pursuant to which the Company acquired 100% of the issued and outstanding equity securities of Dyckmanst Limited in exchange for 381,600,000 shares of common stock, par value $0.0001 per share (the “Common Stock”) of the Company (the “Share Exchange”). Immediately prior to the closing of the Share Exchange, two existing holders of aggregated 30,000,000 shares of Series A preferred stock of the Company, par value $0.0001 per share (the “Preferred Stock”) delivered 29,000,000 shares of Preferred Stock to the Company for cancellation (“the “Cancellation of Certain Preferred Stock”), each Preferred Stock is convertible into 10 shares of Common Stock. As a result, immediately following the closing of the Share Exchange, there are 410,618,750 shares of Common Stock issued and outstanding and 1,000,000 shares of Preferred Stock issued and outstanding. Dyckmanst Limited Shareholders collectively control 90.72% voting power of the Company on as converted basis, with respect to all of the shares of common stock and preferred stock, voting as a single class, with each share of common stock entitles to 1 vote and each share of preferred stock entitles to 10 votes.”
What’s the product or service they offer?
No one outside of iHub has heard of those companies and never will. If someone wants to buy a low float company with a tangible reviewed product on major store shelves, IWINF is the company.
Which stock course gets me into the club that rigs the market like a clown would? Which course module predicted that the stock would go up everyday for 6 days due to form 4 being filed but then once I bought the stock the form 4 immediate lost its effect. The course is called “be the clown or get clowned 101”.
This stock would have went to a dollar if I didn’t buy it, some real clowns out there in the world. All of a sudden this buyback isn’t so great after all… lol, totally unbelievable.
How can nobody buy a stock with a real product and an OS of 1 million shares and 1 restricted share. Hundreds of positives reviews on all the major websites. Unbelievable opportunity here.
Restricted shares vest every month as long as the stock is current and appears real, some stocks pretend to be real to allow the restricted shares to be sold as common shares stringing shareholders along
They said the beta test would end last Sunday with a quick transition to live app, now it’s thanks for the suggestions we will figure out how to implement them and get back to you next year.
Lol a down day consolidation has began as predicted rigged market, as soon as I buy an algorithm is programmed to consolidate a stock. Proven.
https://flowrcorp.com
Quarterly documents can soon be filed at the SEC showing the quarterly report etc
Not good: Timeline extended for App to go fully live, not good when timelines start getting extended without apology from company :
“ Swifty Global (OTC:DRCR)
@SwiftyGlobal
·
20h
$DRCR #SwiftyPredictions Top features and bugs reported during the public beta. We appreciate all ideas so keep them coming. We will be bring out a roadmap for 2022 shortly that will include the roll out of the new features. #Swifty #OTC
https://media.swifty.global/Public_Beta_Feedback_Dec16.pdf”
The. Era test was supposed to end as the transition to live app was quickly done, instead It will take time to add the new suggested features to the App in 2022, they will not have this app available for the college bowl season unfortunately, even if they could pay people who win money which is not clear at this time how that is possible.
How can the float get dried up if restricted shares are going into the float every month is my question, as well as if i win 10,000 in a sports bet where does that money come from, what is the betting limit per bet on the app, key information is needed
Day traders or groups of day traders form a company and if they make a couple of million dollars trading early in the year buy a shell for 250,000 from Lazar which has carry over tax losses so that they can keep more of their day trading earnings from being paid as capital gains taxes. Just like every Lazar company ever you never hear from them again and they pretend sometimes to be a company with promise.
“In connection with the Term Loan the Company has agreed, subject to drawdown of the Term Loan, to issue warrants (the "Warrants") exercisable for 2,500,000 of the Company's ADSs to Perceptive. The per ADS exercise price of the Warrants is equal to the lower of i) the 10-day volume weighted average price ("VWAP") for the Company's ADSs for the 10 business days prior to the Closing Date of the Credit Agreement for the Term Loan and ii) the 10-day VWAP for the Company's ADSs for the 10 business days prior to the drawdown date of the funding under the Term Loan. The Warrants are exercisable, in whole or part, until the seventh anniversary of the date of drawdown of the funding under the Term Loan.
The drawdown of the Term Loan by the Company is subject to a number of conditions precedent including the repayment of at least 99.7% of the Notes and approval by the Company's shareholders of the Term Loan, an increase in the authorized share capital of the Company and the issuance of the Warrants. The Company intends to convene a general meeting of the Company to consider these and other matters in January 2022 and intends to issue a notice convening such meeting in the coming days.
In addition to the Term Loan, the Company has entered into exchange agreements (the "Exchange Agreements") with five institutional investors that hold approximately $99,700,000 of the outstanding Notes, which are puttable by the holders to the Company, at par, in April 2022. Under the terms of this agreement each holder has agreed to exchange their Notes at a discount to par and each holder will receive $0.87 of cash and the equivalent of $0.08 of the Company's ADS (based upon the 5-day trailing VWAP of the ADSs on NASDAQ on December 9, 2021, discounted by 13%) per $1 nominal value of the Notes. This results in an effective discount on the exchange of the Notes of approximately 4%. The consummation of the Exchange Agreements is conditional upon (among other things) the approval by the Company's shareholders of the issuance of ADSs pursuant to the Exchange Agreements and certain matters related to the drawdown of the Term Loan, with such approvals to be included in the agenda of the January 2022 general meeting of the Company.”
.68 cents today then release hiv test approval news tomorrow
Just waiting for a close below the lower bollinger band on one month chart
“ Other Events
As previously disclosed, Naked Brand Group Limited (the “Company”) is scheduled to hold an extraordinary general meeting of its shareholders at 10:00 a.m. Australian Eastern Daylight Time on December 21, 2021 (the “EGM”), at which the Company’s shareholders will consider, among other matters, a proposal to consolidate the Company’s share capital in accordance with section 254H(1) of the Corporations Act 2002 (Cth). In the proxy materials for the EGM, the Company stated that the consolidation ratio would be between consolidating every 10 ordinary shares into 1 ordinary share and consolidating every 20 ordinary shares into 1 ordinary share, with the exact consolidation ratio to be announced prior to the EGM.
On December 13, 2021, the Company announced that the exact consolidation ratio, as fixed by the Company’s board of directors, will be consolidating every 15 ordinary shares into 1 ordinary share. Accordingly, if the resolution to consolidate the Company’s share capital is approved, every 15 outstanding ordinary shares will be converted into 1 ordinary share, with any fractional entitlement being rounded up to the nearest whole ordinary share.
”
From 6-k filing 12/14/21 OTCmarkets.com
“Our management team has finalized a proposed merger date for AVVH/GoldQuest Capital for mid-December 2021, shortly after our current reporting period ends. Once the merger is complete, we will be applying to FINRA for a name and symbol change as soon as reasonably possible."”
Timing is everything, why were the words “as soon as reasonably possible” added? Is there some benefit to saying that? Because if the merger closes on 12/22 then the remainder of the year can be about the name and symbol change and not on revenue generation which would interfere with the tax loss write off.
This company proposed a merger date to merge with itself, it was actually a proposed merger timeframe of mid-December (December 10 - December 20) and on December 17, no merger yet. The suspense builds, this merger should have been announced when the stock was at .10 and the custodianship cancelled, company should have been in business already making loans for 6 months with all of us discussing revenue, what the heck did they wait 6 months for. Stringing people along all year to get the ultimate benefit of purchasing this shell, writing off the carry over loss on their tax return, that would be my guess. If they were in business for 6 months they may have generated revenue which would offset the tax loss write off.
Here is the code hidden in the symbol
A V V H
1 22 22 (H is a symbol that stands for “merger”)
1 before 2/2/22 merger
1/2/22 merger
12/22 is actual merger date (Next Wednesday)
Remember that mid-December was the “proposed” merger date, some other entity has to accept the proposal. Who is it?
Here are some similar companies in Hong Kong, call out the ones you have heard of :
“Similar Companies
CHUNG KAM RUN YIN ASSET MANAGEMENT LIMITED???????????? | Hong Kong
CHUNG KAM RUN YIN INVESTMENT GROUP LIMITED???????????? | Hong Kong
KAM ASSETS MANAGEMENT LIMITED | Hong Kong
Chung Sun Asset Management Limited?????????? | Hong Kong
SUN CHUNG ASSET MANAGEMENT LIMITED?????????? | Hong Kong
CHUNG HUNG ASSETS MANAGEMENT LIMITED?????????? | Hong Kong
KAM LUEN ASSET MANAGEMENT LIMITED?????????? | Hong Kong
CHUNG HONG ASSET MANAGEMENT LIMITED?????????? | Hong Kong
KAM CHUNG LIMITED?????? | Hong Kong
XUN RUN (HK) ASSETS MANAGEMENT LIMITED??(??)???????? | Hong Kong
Yin Sheng Asset Management (HK) Limited??????(??)???? | Hong Kong
CHINA (RUN YIN) STOCK CAPITAL MANAGEMENT LIMITED??(??)?????????? | Hong Kong
KAM YIN KITCHEN LIMITED???????? | Hong Kong
CHUNG YIN HONG LIMITED??????? | Hong Kong
YIN CHUNG ENTERPRISE LIMITED???????? | Hong Kong
CHUNG YIN TRANSPORTATION LIMITED?????????? | Hong Kong
CHUNG NAN ASSET MANAGEMENT COMPANY, LIMITED?????????? | Hong Kong
Kam Yin Cafe Limited???????? | Hong Kong
KAM YIN INVESTMENT LIMITED???????? | Hong Kong
KAM YIN RESTAURANT LIMITED???????? | Hong Kong
Sun Kam Tai Asset Management Limited??????????? | Hong Kong
Kam Tung Tai Assets Management Limited??????????? | Hong Kong
CHUNG YIN INTERNATIONAL LIMITED???????? | Hong Kong
China Bai Run Asset Management Co., Limited???????????? | Hong Kong
HONG RUN ASSET MANAGEMENT CONSULTANT CO., LIMITED???????????? | Hong Kong
Hong Kong Wan Run Asset Management Limited???????????? | Hong Kong
Tang Yin International Asset Management Company Limited???????????? | Hong Kong
Yin Cheng Asset Management (Hong Kong) Limited??????(??)???? | Hong Kong
GUANG YIN FINANCIAL ASSETS MANAGEMENT (HK) LIMITED????????(??)???? | Hong Kong
YIN RUN (HK) COMPANY LIMITED??(??)???? | Hong Kong
https://www.996co.com/amp/hk/company/3047042
“
EXBX had a tax loss of 2 million dollars that can be written off on 2021 tax returns, not a bad investment for a 250,000 dollar shell company, netting 1,750,000 in write offs more or less. Basically these Chinese companies buy Lazar’s tickers for the tax loss benefit. You will never see a tangible product or service from any Lazar ticker because of his pattern of selling to unknown Asian companies looking for tax benefits of the carry over loss. Could the share price rise once to alleviate the guilt of selling a shell to no company again? Maybe.
Too little too late Kaltf, phase one trial complete by end of Q1, then applying for funding for phase 2…is 6 months from now, had to be done by today to assist with vaccine resistant variants that are occurring now. It’s a nice story that they are working on vaccine resistant solution, but it’s not close to being a product.
Flowr has began to take the industry by storm, while these other cannabis companies struggle, Flowr is flourishing at the right time, changing the game soon. 1,3,6 month charts consolidated, ready.
Was there a form 4 today? Yes
https://www.otcmarkets.com/filing/html?id=15424072&guid=U-fwkp9fl61QB3h
Let’s see if it continues tomorrow, that will be the true test to restore faith in the stock market.
L O V
12 15 before 22
12 15 Down Arrow
See SP since 12/15/21
Down Arrow.
This is your autist whale lesson for the day.
Buy into a real low float company with real product, revenue and assets IWINF
MSYN was up 17 days in a row with 10 gaps, bought into it this morning down 40% within an hour, proven rigged market test confirmed. Proven that brokers share personal data of shareholders with companies.
Not the tweet that was needed, the beta test was supposed to end Sunday not last week, no info on collateral for payouts or restricted share cancellation
“
Swifty Global (OTC:DRCR)
@SwiftyGlobal
·
21h
$DRCR Swifty Global completed its public beta of the Swifty Predictions mobile app last week. While we are gearing up to get the app ready for public release we will be sharing some of the feedback from the public beta tomorrow and how we will be addressing it. #Swifty”
Over 1200 positive reviews for one of Irwin Naturals many products on iHerb (also on Amazon, Walmart, CVS, GNC):
https://www.iherb.com/pr/irwin-naturals-stored-fat-belly-burner-60-liquid-soft-gels/71064?gclid=EAIaIQobChMIm5OHkbro9AIVLQaICR2SAAdqEAQYAiABEgKSwPD_BwE
“Malta on Tuesday became the first country in the European Union to agree to formally legalize the use and growing of marijuana for recreational purposes, the latest sign of a more liberal approach to the substance being taken in the bloc in recent years.
This year, Italians surpassed the 500,000 signatures necessary to hold a referendum to legalize marijuana, and governments in Luxembourg and Germany have announced plans to pass laws decriminalizing the substance.
“Now there is a clear blueprint,” said Mr. Bonnici, who added that he does not smoke marijuana because he has asthma. “We opened the way.”
https://www.nytimes.com/2021/12/15/world/europe/malta-eu-marijuana-legalize.amp.html“
As long as we agree that NIHK’s current revenue is not from cars, licensing, charging stations, tangible products or services, we can go back to each person deciding whether to invest in:
1. Trust that a buyback continues
2. Future licensing of crypto-car tech to car companies
Does Frank own the patent or IP for his technology ?
The words and phrases, “Patent”, “USPTO” and “Intellectual Property” do not appear in the quarterly filing. What is stopping other companies from stealing his idea?
Not plenty more, anyone can look at the items “ Sales under trading securities $1,852,489“ on page five of the last quarterly filing and cross reference that number against the next item on that page “Total Revenue $1,998,489” :
https://www.otcmarkets.com/filing/html?id=15354971&guid=hpIwknLBMumXB3h
92% of NIHK’s revenue was realized stock gains from their brokerage account.
The other 8% of NIHK’s revenue is listed in the document as “Entrepreneurship development”, described later as:
“Alpharidge’s Entrepreneurship Development Initiative
In April of 2021, Alpharidge launched its Entrepreneurship Development Initiative which entails: (1) Portfolio – acquiring OTC trading shells with stop signs and cleaning them up to become Pink Current, then merging them with emerging businesses controlled by Alpharidge-trained entrepreneurs; and (2) Custodianship – use the custodianship process in Nevada and Delaware to acquire custodianship of abandoned OTC-trading shells, clean them up to become Pink Current, then merging them with emerging businesses controlled by Alpharidge-trained entrepreneurs.
On April 22, 2021, Alpharidge retained a Nevada based Attorney to petition for custodianship of Mondial Ventures, Inc. Alpharidge later lost the attempt and expensed all related cost as Professional fees – legal. On May 5, 2021, Alpharidge purchase from the open market, Labwire, Inc., (LBWR) and Waypoint Biomedical, Inc., both of which it has brought Pink Current. As at the date of this reports, Alpharidge’ Entrepreneurship Development Initiative Portfolio has bought also purchase Nano Mobile Healthcare, Inc. to make it 3 shells. The Custodianship has petitioned for MNVN, HMLA, TONR, ECMH, ABWN, FPMI, NTGL, CGUD, ICOA, SRBT, USWF, NWTT, USBC, WRMA, WWRL, HERF, NRCD, TGMR, ITRX, AFFN, UTDE, AOBI, SRCX, ADCV, DVFI, APWL, CIVX, NHLG, ILIM, CCWF, TMXN, MNDP, JPEX, SVLT, MTEI, CAMG, CDBT, ERGO, NOUV, ICNM, PRDL, OCLG, ILST and FCGD, altogether 44 petitions filed within 8 weeks. Of the 44, Alpharidge lost, walked-away, or withdrew from 9 petitions.” Cost related to the successful petitions were capitalized on the Company’s balance sheet as “Entrepreneurship Development” and those related to failed petitions were expensed in the period incurred as “Professional Fees - legal.”
10
Alpharidge Capital LLC anticipates its Entrepreneurship Development to be an ongoing business. It expects to generate income and expense cost related to this line of business.
”
When people say that NIHK is Frank’s baby, they are right because he is including Alpharidge shell purchase activities on the quarterly documents as Entrepreneurial Development revenue which has nothing to do with cars etc.
The company revenue is from traded securities, not cars or charging stations, or products or services:
“ The Company currently maintains minor equity interest in: (1) Tesla, Inc. (TSLA), a California based maker of high-performance fully electric vehicles; (2) Electrameccanica Vehicles Corp. (SOLO), a British Columbia, Canada headquartered company that designs and builds the all-electric SOLO and the Tofino all-electric sport coupe; (3) Lordstown Motors Corp. (RIDE), a Lordstown, Ohio based company that designs and manufactures electric vehicles; (4) Fisker Inc. (FSR), a Los Angeles, California headquartered company that designs and builds all-electric, zero-emissions vehicles; (5) Nikola Corporation (NKLA), a Phoenix, Arizona company that designs and manufactures electric components, drivetrains and vehicles.
Investment – Trading Securities
All investment securities are classified as trading securities and are carried at fair value in accordance with ASC 320 Investments — Debt and Equity Securities. Investment transactions are recorded on a trade date basis. Realized gains or losses on sales of investments are based on the first-in, first-out or the specific identification method. Realized and unrealized gains or losses on investments are recorded in the statements of operations as realized and unrealized gains or losses as net revenue. All investment securities are held and transacted by the Company’s broker firm. The Company did not hold more than 3% of equity of the shares of any public companies as investments As of September 30, 2021
All investments that are listed on a securities exchange are valued at their last sales price on the primary securities exchange on which such securities are traded on such date. Securities that are not listed on any exchange but are traded over-the-counter are valued at the mean between the last “bid” and “ask” price for such security on such date. The Company does not have any investment securities for which market quotes are not readily available.
The Company’s trading securities are held by a third-party brokerage firm, and composed of publicly traded companies with readily available fair value which are quoted prices in active markets.“
https://www.otcmarkets.com/filing/html?id=15354971&guid=hpIwknLBMumXB3h
Franks brokerage trading account is the revenue. To say that NIHK is generating revenue is a bit cheeky since Frank’s ability to trade stocks and list that revenue on filings as company revenue is what keeps NIHK’s assets above liabilities. Maybe maybe they create a crypto car technical app that they can license to other car companies but I don’t see mass production of cars or car sales from this company, maybe they can use the licensing revenue to build some charging stations in the future. Lot of maybes.
“Countdown to $NIHK Drive-EV-Crypto starts today. The primary goal is to promote EV use and build charge-stations across the United States of America, starting with California.”
Isn’t the primary goal generating revenue and profits ? How does stating that the primary goal is promoting something going to assist in generating revenue and profits? So that if someone questions the company for not ever creating a “crypto car” he can state that his primary goal was not creating a crypto car it was promoting EV use on Twitter. Tesla’s primary goal is car sales, same with NAKD’s merger apparently, maybe the “coin idea” is to be licensed to Tesla and other companies so they can install it in their EVs and Frank can claim ownership of the idea since he brought it to market. So basically this is not a car company this is a licensing company of a crypto car idea. Does Frank own the patent for this idea?