Crednology Holding Corp (fka COHO)

[fliboyz]

It probably has to do with the terms of outstanding convertible debt. It is a common practice that debtors require enough A/S liquidity to cover the debt in a theoretical worst case scenario. Thus far he has been successful in staving off any additional conversions for the better part of a year, in some sort of verbal negotiations with Tangiers.

Don't know the accuracy of it, or what it is based on. But it has been stated here that, due to the whole Covid thing there wont be any conversions for a 12 month period. If that is actually true; hopefully, within that time, he will be in a position to eliminate what is left of convertible debt from the books via re-payment with a non-dilutive instrument of some sort. IE personal loan to the company or re-instating the SBA loan, and removing tangiers from the books.

Unless he was looking to take another stab at the Reg. A, That would be the point at which he would be in full control of being able to reduce the A/S.

JMO