Strake Inc (SRKE)

[Sandera]

0.0005 added here, I am sure with shorting, dilution and all OS is still below 1.5 bils .. with so little time left.. no need to RS.. IMO

aside of the fact last time I checked 10q had a stipulation of conversion @ .10 of any left notes in case of RS

per last 10Q

December 2019 to January 2020 Financing:



Between December 12, 2019 and March 26, 2020, the Company closed securities purchase agreements (the “SPA”) for the sale of the Company’s convertible notes. Pursuant to the SPA, the Company issued unsecured convertible notes for an aggregate principal amount of $116,821 to various lenders residing outside the United States of America. The Company received gross proceeds of $116,821. The convertible notes bear no interest and is due nine months after the date of issuance. The Company may prepay all of any portion of these convertible notes at any time without penalty.

Upon maturity, these convertible notes shall be automatically converted upon the date where in a reverse stock split has been initiated into shares of the Company’s common stock at a conversion price of $0.10 per shares, subject to adjustment, upon the occurrence of certain events such as reorganization, mergers or sale of assets. The conversion price shall remain the same in case of a reverse stock-split.

New markets expansion announcements are due soon, per last PR.. so let me guess.. could be USA or Dubai??

will see..

approaching infliction time here.. HODL... hehheee

I buy when diluters are buying the rest is just wait time and posting drama...

GHHC


SS not that bad since last update
Outstanding Shares
690,174,635
08/31/2020