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Monday, February 05, 2018 10:36:37 PM
400 million control block 3(a)(10)
Obviously the person who spoke to the CEO either heard or remembered wrong and wrote down information that isn't correct.
The CEO owns the control block with 4,700,000,000 shares and of course he won't be selling because his shares are restricted.
Yes there is just one note holder now (besides the CEO) because CF3 Enterprises acquired all of the debts totaling $1,455,000
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=138153200
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=138226008
Since you don't seem to want to accept my information which includes references to the 3(a)10 court case which anybody can confirm, just look at the DRWN filings which confirm that CF3 Enterprises has a $1,455,000 note
Even the ridiculous ICO prospective confirms it (page 91)
https://www.otcmarkets.com/financialReportViewer?symbol=DRWN&id=186971
![](http://investorshub.advfn.com/uimage/uploads/2018/2/5/hnrfzScreen_Shot_2018-02-05_at_10.30.04_PM.png)
That is current information as of February 1, 2018 (the date of the prospectus)
What I did in my post was break down where the $1,455,000 came from
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=138226008
And the dilution threat it poses since the 3(a)10 stock would be free trading and would be issued at a sharp discount to the market price.
When will CF3 Enterprises start converting the debt? Who knows. Maybe they have already started since February 1st. Maybe they haven't. Maybe they will start soon. Maybe they won't.
As for the rest of the stuff in your post.... I wouldn't hold my breath about any share buyback or bet on the ICO ever actually happening and raising $50 million.
The ICO prospectus is pretty ridiculous and is making DRWN a big risk for an SEC suspension as does other issues like having an insider (Robert Gandy) that is banned from penny stocks and the 3(a)10 transaction being conducted without using a registered broker/dealer
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=138153200
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