DD Support Board and Research Team

[nodummy]

OZSC justs keeps getting uglier

10Q out just now

https://www.sec.gov/Archives/edgar/data/1679817/000149315220012471/form10-q.htm

From April 1, 2020, through June 30, 2020, the Company has issued 1,416,298,485 shares of common stock upon the conversion of $3,261,774 of principal, accrued interest and fees of convertible notes. The Company also issued 67,606,186 shares of common stock upon the cashless exercise of warrants.

This wouldn't be so bad since it takes care of a big chunk of the toxic debt that OZSC had on the books, but OZSC had $0 in revenues and just keeps replacing the old toxic Notes with new toxic Notes.

Between April 1, 2020 and June 20, 2020, OZSC added $1,038,500 in new toxic debt Notes. That's a lot of future dilution!


OZSC did disclose using some of the new toxic funding to pay the $400,000 owed to Power Conversion Technologies for that acquisition (as they disclosed in an 8K on June 30, 2020 - days after the CEO already shared that insider information to traders in a discord chatroom).

But even if the Power Conversion Technologies acquisition does end up closing on July 10, 2020, Power Conversion Technologies is no doubt worth far less than any of those discord traders have been mislead to believe by Brian Conway in his stock manipulation discord posts.

Maybe if the deal closes on July 10, 2020 as currently scheduled, we'll see the audited financials included in the 8K as would be required/expected. If so, I fully expect that people will be very disappointed in the true value of Power Conversion Technologies.

But I'll be surprised if we see audited financials then. OZSC has been going out of its way to hide public disclosures and control the narrative through a discord chatroom instead.

Case in point, the O/S. OZSC gagged the TA through the entire month of June, then proceeded to mislead investors about the state of the dilution in the discord chatroom.

Obviously, the only reason that OZSC finally allowed the TA to release the share structure on OTC Markets this morning was because today's 10Q was going to show those numbers anyways.

So OZSC shareholders may be stuck waiting until August 15, 2020 (when the next 10Q is due) before they get to see the Power Conversion Technologies numbers and the next share structure update.

In the meantime, the endless stream of toxic debt is accelerating, not going away. OZSC issued:

$113,000 in new toxic Notes in April 2020
$332,000 in new toxic Notes in May 2020
$593,500 in new toxic Notes in June 2020



The only thing that is certain about the future of OZSC is that the share structure will eventually get so diluted that they'll need to do another reverse split.