AI
Monday, October 26, 2020 8:42:51 AM
Expect hype, fluff, and massive dilution.
Highly recommended reading:
https://onedrive.live.com/?authkey=%21AKjHhCv37hu0%5FYU&cid=B4E93F37E07EE42A&id=B4E93F37E07EE42A%2113575&parId=B4E93F37E07EE42A%2113389&o=OneUp
Pay attention to page 9, it's all the stock getting issued. 100 shares of stock for each dollar of unsecured debt (paragraph b), no limits. Pay particular attention to the bottom of the page to see what Auctus is being given for their "loan," namely warrants with strike prices of $0.0005 and $0.0010. That's a pretty good deal, and it's better than the 100 shares per dollar, Auctus may choose that route for the $3.3M unsecured note they carried into this bankruptcy. Here's a screenshot:
To accommodate all this stock, they've raised the A/S to 300B, used to be 2B. That's on page 6, screenshot below:
I swear I’ll never use the phrase “you can’t make this stuff up” ever again after being on the OTC. Apparently you can.
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