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Re: Adam16 post# 46555

Thursday, 03/23/2017 1:04:48 AM

Thursday, March 23, 2017 1:04:48 AM

Post# of 58416
I don't think you are actually getting what Adrian is doing. The company owed/owes Andrew Tesley, Mel, Darren and others money. Instead of having them wait for revenue to come in from product sells (which may not happen), Adrian gave them a note which would automatically converts into shares and go in their accounts once they chose to execute it after the holding period. They didn't have to purchase the stock and they didn't give Adrian any money in exchange for the note last February like a regular investor would have, do you really think Andrew Tesley, Mel and Darren gave money to Adrian when the company owed them money, think about it. It didn't matter if there was a bid or not or which MM were on the board, because all of this was handled internal through the brokers and through a specfic MM. Once they received the stock they then slowly sell the shares back to the public, that's how they're receiving payment for money owed to them. That's where RedChip plays into all of this. Adrian retained them to promote the stock so new investors would buy for the note holders to sell.