Sylios Corp. (fka UNGS)

[robtewms]

Lordy, this one is hard to grasp. By Toxic Debt Holders do you mean people or entities that either performed services for UNGS and received stock and/ or gave UNGS money at an agreed upon percentage of interest? It seems to me that UNGS were in position to buyback stock, that the debts would be settled first before any such stock buybacks. Also, it isn't clear whether or not those Toxic Debt Holders have UNGS stock or promissory notes. In the case they have stock, they are subject to an open market and market price like the rest of us. That means some may have been sold at a loss and bought by me and others in the last market activity of UNGS. In the case they were given a promissory notes, those terms should have been disclosed to UNGS shareholders (read: bagholders) years ago. And, those promissory notes holders would have legal remedies available to them. And, what dollar amounts are we talking about? Also, it sets up a paradox as it relates to UNGS' 19.99% ownership in GRCC. If there is Toxic Debt, why wouldn't some percentage of that stock at $0.25/ share be used to satisfy any long term debt obligations. I know that I'm overthinking this. But, can you help my to better clarify my thinking? And, where is Wayne in all this?
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