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Re: MindlessSelf post# 136121

Tuesday, 05/29/2018 2:56:33 PM

Tuesday, May 29, 2018 2:56:33 PM

Post# of 234028
LOLOL!! I just took a quick look at the board, and then a quick look at OTCMarkets. Somebody on the board seems to be saying it's a "low float play".

The company's last known o/s was above 8 BILLION shares, which is just ridiculous. And Typenex owned an estimated 10 percent of it:

On the date of the event which requires filing of this Statement, reporting person Typenex Co-Investment, LLC (“Typenex”) has rights, under a Convertible Promissory Note and a Warrant, to own an aggregate number of shares of the Issuer’s common stock which, except for a contractual cap on the amount of outstanding shares of the Issuer’s common stock that Typenex may own, would exceed such a cap. Typenex’s ownership cap is 9.99% of the Issuers outstanding shares. Thus, the number of shares of the Issuer’s common stock beneficially owned by Typenex as of the date of this filing was 846,256,364 shares, which is 9.99% of the 8,471,034,676 shares that were outstanding on that date (as reported in the Issuer’s Form 10-Q filed on July 20, 2015).

https://backend.otcmarkets.com/otcapi/company/sec-filings/11332396/content/html

That amended Schedule 13 was filed in December 2016. In an 8-K from April that Gallagher shouldn't have filed because SEEK is no longer an SEC registrant, he said:

On March 27, 2018, the Company entered into a global settlement agreement with one of its debt holders to extinguish approximately $556,000 of its debt in exchange for the transfer of 21 domain names and a reciprocal release. This debt is now Paid in full. No shares were issued in this transaction.

That seems lacking in specificity. And who in his right mind would trade half a million in debt for a bunch of domain registrations? Sheesh.

https://backend.otcmarkets.com/otcapi/company/sec-filings/12671695/content/html

And in his next 8-K--again, one that should never have been filed--he informs us that he's issued Kramer's KBM 566 million shares. That debt is also extinguished. So how much more is there?

https://backend.otcmarkets.com/otcapi/company/sec-filings/12679681/content/html

I see he isn't submitting disclosure to OTCMarkets. I assume that's because he doesn't have the money to pay the annual $5000 fee for a Pink.

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