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Re: Jawbone post# 17400

Friday, 09/11/2020 3:25:00 PM

Friday, September 11, 2020 3:25:00 PM

Post# of 24335
Plus all the typos in the 13-D's that basically make the Class D stock worthless (check the forms for your self, they are listed as Class C and Class D on the same form) so maybe both classes will be considered materially deficient in the eyes of the SEC. Only the class A (whatever is left of them) and Class B stock seem to be in play. The A's and B's are also not equipped with anti-dilution provisions (coincidence that the Class C and D shares can't be diluted but may not even legally exist? you tell me). The best bet here may be to contact the SEC delinquent filings division to get these filings redone properly and get all the 10Q's and 10K's done up to go current. The rush of filings may be enough to push the stock price to a level that would remove the convertible debt so the C's and D's can be sold by the angel investors (I think if anybody deserves a return on investment here it is the Groman family).

I can't see it taking much to do the filings current since as you say the company is out of cash so the accounting should be easy (especially for a professional accountant like Chicosky). But, the last 10-Q was full of math errors so who knows?

Just for reference, the SEC contact info to report delinquent fliers is:

delinquentfilings@sec.gov
or phone: 202-551-5466

Stay safe