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Re: allenc post# 4605

Thursday, 11/26/2020 9:31:27 AM

Thursday, November 26, 2020 9:31:27 AM

Post# of 14822
I have rarely seen a convertible note make it until the due date to convert. Most are set up for a year and convertible after 180 days. It looks like CNGT is not at a level where the terms of each note has to be disclosed so it makes it hard to know exactly where it stands.

Personally, this is how I get my large positions, catching the tail end of a dilution cycle. With the updated O/S I'm 2.5 mill away from the 5% ownership but from my recent experience that 5% applies to accredited and institutional investors. When I contacted legal at TDA I was informed that as an individual 10% was the threshold. I had 7.5% of CL3D before the run with no issue.

There are some very compelling connections within the filings here and shareholders who do their homework are going to be greatly rewarded, IMO.

My clue would be to trace the ownership shares, who those people are, and where they are employed.

I am learning in my experience, the time for the disclosure of DD is after, not before, I have my position secured.

Happy Thankgiving to all.

CNGT!!