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Post# of 200688
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Not_on_the_rug

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Not_on_the_rug

Re: None

Saturday, 08/24/2019 2:25:48 PM

Saturday, August 24, 2019 2:25:48 PM

Post# of 200688
On March 18, Jody signed a $75K note immediately convertible to company stock at a 50% discount to the lowest trading day in the last 25 trading days.

Literally in the 10q. Worst deal ever. Good old Jody - screwing shareholders.

What's easier? Closing an equity deal with some newly created Canadian shell? Or signing a convertible note and riding the cash?

You would need to be living under a rock not to see this.

How high will the new A/S go? A billion? Five billion? Smells like an 80% haircut to current prices to me.
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