Diego Pellicer Worldwide Inc. (DPWW)

[DCM71]

I'm not even sure that is the same Curt Kramer but that is not even the point. The point is that DPWW just got into bed with a notorious toxic dilution funder that previously settled with the SEC for $1.4 million and has been identified as a bad actor by FINRA.

I just did some more research on Kramer's entity, Geneva Roth Remark Holdings, and the news is not good for DPWW shareholders. Kramer previously entered into multiple securities purchase agreements with a company called TPT Global Tech for notes convertible into common shares of stock. The agreement, linked to below, was dated March 15, 2019. The closing share price that day was $0.09. Today, April 20, 2020 the stock closed at $0.0027.
https://www.sec.gov/Archives/edgar/data/1661039/000106594919000041/ex10_1.htm

I also found PR from TPT Global Tech from February 19, 2020 indicating how Geneva Roth damaged their stock price after issuing 5 different convertible promissory notes to Kramer. TPT eventually paid off the final convertible $43,000 note at a premium for $63,086 in an effort to limit any more downward pressure on the stock price. I am linking to the article below but here are a couple important parts from it:

"TPT Global Tech, Inc. ("TPTG or the Company") (OTCQB:TPTW) announced today it has successfully paid off the remaining 43K convertible promissory note due August 22, 2019 issued by the Company to Geneva Roth Remark Holdings, Inc. ("Geneva Roth") located in New York City. Since March 15, 2019, the Company has issued five different convertible promissory notes to Geneva Roth for a total of $287,000, the first four of which totaled $244,000 were converted into 129,064,728 common shares of the Company. The remaining convertible note for $43,000 was paid off by paying $63,086, including the principal balance of $43,000, a 40% premium and accrued interest. The payment was made possible through a secured bridge loan of $90k provided by a third-party existing investor. The bridge loan is secured by the assets of the Company and is due June 14, 2020 or earlier in case the Company is successful in raising other monies and carries an annual interest charge of 10% payable with the principal.


"The conversion to stock and subsequent sale by Geneva Roth has had an adverse effect on our TPTW common stock price. Geneva Roth converted four of their five convertible promissory notes putting tremendous pressure on the company's stock price. We are very pleased the company was able to repay the last convertible promissory note which may ease market pressure on our stock."

https://www.morningstar.com/news/accesswire/576984msn/tpt-global-tech-pays-off-remaining-43k-convertible-debt-to-geneva-roth-remark-holdings-remainder-of-notes-converted-to-common-stock

So please send me more information on what a great guy Kramer is. Let me know if he has donated to any great charities. This guy makes money on penny stocks through toxic debt financing. I would not boast about how much money he makes in any given year. Money he makes on DPWW stock will be at shareholders' expense.

If you need the concept explained, here it goes in a "hypothetical" DPWW scenario:

I assume that Kramer will follow a similar pattern here and there will be additional rounds of debt financing. Let's assume in total Kramer provides $200,000 in financing to DPWW. The company will eventually issue common shares to Kramer at a 30% discount to the current market price. If he redeems $10,000 at the current market price ($.01) discounted by 30% ($.007) then he is issued 1,428,571 shares. He then brings those shares to the marketplace and sells to bidders. As he sells shares he drives the price down. At the current price he would be happy to sell to bidders at $.0088 or lower because he is making money, as he bought the shares at the discounted $.007. As he floods the market with shares he drives the price down and the next time he redeems $10,000 he is issued more shares than the last time. This pattern continues until he has redeemed and sold all of his shares, or the company pays him back in lieu of issuing shares of common stock .

The above article is a real world example of Geneva Roth (Kramer) tanking a stock from the past year- acknowledged by the company that issued the convertible notes. The writing is on the wall. Does anyone care to read it?