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Re: None

Monday, 09/10/2018 3:07:07 AM

Monday, September 10, 2018 3:07:07 AM

Post# of 61240
John is building a real company and is doing it without papering the street!!!! And he was actually trying to get a really good deal for the company and that funding document was for Restricted Stock at $0.015 pre split!!! I asked that question directly and was told under no circumstance was he looking to raise money at $0.015 after a 50 to 1 Reverse. (If you look down the document, you will see 2 other documents where the proposed RS was listed at 50 to 1. The 250 was apparently a typo. I also verified that with him. (I am speculating that the Reverse was a possible condition of the Funder as well as not announcing anything until it was a done deal)

Granted, the parameters of the Offering were not very clear. But in business, when you are offered a good deal, you look at taking it even if it goes against something you might have stated earlier. I WOULD BE THRILLED IF HE GOT MONEY AT $.015 PRE REVERSE, AS THAT EQUATES TO $0.75 A SHARE AFTER A 50 TO 1 REVERSE!!!

I doubled checked, a Reverse is NOT POSSIBLE until you are an audited fully reporting issuer, if you were ever listed as a shell company, which is the case here.

The Filing gave the company a year to raise the money, and he could take any portion of the $1.5 mil worth. Therefore the plan is to get the stock price up high enough to raise money at $.015 per share, and only take as much as was needed to ramp up revenues to a point that it was not a good deal to raise anymore money under the terms of that offering. (ie. if the stock was solidly trading at $.05 you would not need to raise money at $.015.)

I was not given inside information, just asked a couple questions about the filings and cleared up some unclear statements I had about the funding.