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Re: ElleDe post# 584

Saturday, 12/05/2020 10:51:01 AM

Saturday, December 05, 2020 10:51:01 AM

Post# of 1702
I am certain I have an expertise in this area. Without a compromise, the warrant holders had an asset (the warrants) that was worth much less than $10 million which is the value of the stock they're getting. I would respectfully suggest to see SHMP and their lawsuit against Vista Capital when the warrants had already exploded and see what they settled for and I'll stress, that was after the warrants exploded. The warrant holders had warrants to purchase approximately 5,000,000 shares at over $4 a share. The deal that was negotiated means they have no one that has any ability to negotiate or settle which is scary. I would have started with this if they wanted to cut a bad deal.

My offer to warrant holders

We will immediately change your warrant exercise price to 1 cent and the warrants will expire 12/31/2020. Effectively, they get 5,000,000 shares for free. Not 27 million shares.

Otherwise, the company should have sued the dirtbags for unjust enrichment.

The deal they have cut means 2 things.

1. They have no one that has the ability to manage because the deal was plain stupid.

2. Any company they merge with or buy is worthless because any company that is worth anything would never merge with this public entity because they have no insurance against dumb management
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