Worksport Ltd (WKSP)

[hp435]

But that's not convertable toxic debt. Shares were bought for a specific price and are restricted for 6 months. They only become unrestricted at the buy price of 2 cents which is higher than the current price.

If it was toxic, then they would convert at a much lower price than 2 cents based on whatever formula is used. In this case no matter what the current shares price is, they get the shares at the 2 cent mark because that is what they paid at the time.

When he does the gpc deal, they will also get shares and/or interest. Hopefully with no toxic conversions.

Every time he gets new financing, there will either be interest or shares for cash. If anyone had money to give to fnhi, they will want something in return. No one will give fnhi cash out of the goodness of their heart, they will want something in return. As long as it is non toxic, it helps fnhi to progress and move forward.

He must pay any lender for their money.