At the Closing, Everett Dickson (or his designee) shall receive 250,000 shares of the Series D Preferred Stock, which, collectively, shall be convertible into that number of shares of common stock of the Company which shall equal two and one-half percent (2.5%) of the total issued and outstanding shares of common stock of the Company as determined at the consummation of the Acquisition (on a fully diluted basis for a period of 24 months) and carry rachet and anti-dilution rights, as set forth on the certificate of designation to be filed at Closing for Series D Preferred Stock.
Read the filing, another dilution PUMP DUMP to enrich the inside!!!!
At the Closing, Trillium Partners, LP (or its affiliates ) shall receive 1,000,000 shares of newly created Series D Preferred Stock, which, collectively, shall be convertible into that number of shares of common stock of the Company which shall equal ten percent (10%) of the total issued and outstanding shares of common stock of the Company as determined at the consummation of the Acquisition (on a fully diluted basis for a period of 24 months) and carry rachet and anti-dilution rights, as set forth on the certificate of designation to be filed at Closing for Series D Preferred Stock.
They are selling unrestricted shares based on their qualified Reg A tier 2 offering. It is very likely that they offered to their friends or knowing people. 20M shares were offered at 0.00032. Shares held at DTC have yet to change. Will monitor the DTC shares update tomorrow.
To uplist, surely need higher share price. Maybe R/S is on the way. Saw some information from twitter that 210 million unrestricted shares added to outstanding. Probably, they will issue some preferred to their buddies in exchange of their 1.2 - 1.5 billion common shares. There must be a purpose of issuing 210 million unrestricted shares. In my view, they need a pump to dump the 210 million unrestricted first.
SPQS , their bragged share cancelation court case has already been thrown out by the judge of the court calendar like a piece of garbage.
SPQS a complete scam. They didn't reveal the toxic notes in any previous disclosures. The notes issued in 2021 and now matured. They will dilute. $63k debt notes with 15%, how come it can have a accrued interest $97k just after two years?! Is the math I learned from school wrong?!
check the link below, the share cancelation in the court is dismissed in early January.
Nothing changed. I didn't say any shares canceled as stated by their tweet on Feb 9. Disappointed!
$SPQS Q4 is filed. Our 1,9 billion share reduction will be reflected in Q1 statements and reported by TA to OTC on the next OTC update (few days)"
Looks like share cancelation is not promising. I'm not bashing, just stating the fact based on the court case that was dismissed on Jan 11, 2023.
You spot. Burns sold 1.18B or so to the disclosed beneficial shareholders. Where did those 414 M shares go? This is not transparent. But it is easy to know where they went. Every time as M* group tweeted or SPQS tweeted, share price surged up then dumped down by some shares. Yes, for sure, they have been selling those shares. SPQS is supposed to disclose all the transaction details, but they purposely covered something that we don't know.
MINA GROUP posted today: "Yeah $spqs definitely a red flag!Imagine a co with operations no dilution 11 years!! + several mergers in play just closed on #1 TOP USA distributor (magnum) sells products+operates a crypto dark pool!. Ya somethings not right here! Definitifly not like 95% other OTC deals! "
SPQS MINA definitely broke apart!
8) Legal/Disciplinary History
A. Please identify whether any of the persons or entities listed above have, in the past 10 years, been the subject of:
1. A conviction in a criminal proceeding or named as a defendant in a pending criminal proceeding (excluding
traffic violations and other minor offenses);
Darrell A. Calloway - He was a named defendant in a pending criminal proceeding.