GL Brands Inc. (fka GRLB)

[mudpuppy]

The company seems to be playing con games with their words.

from pr:
"has absolutely no toxic debt and no convertible note"

From latest 10Q:
"The Company is in the process of securing working capital from investors for common
stock......"
they even tell us that they distinguish different kinds of debt instruments:
"The Company evaluates its convertible debt, options, warrants or other contracts"

We can see in the filing there are millions of unexercised warrants outstanding.


So it appears they are continuing to do private placements which include warrants. This is Dilution, just not of the type called convertible note instruments.

So they are continuing to dilute the stock which pressures the price down. I would call that toxic equity debt but you can call it whatever you want.

We will not find out how much pp dilution they are selling now until the next filing which is not due until sept 30.