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Saturday, December 05, 2020 2:24:03 PM
It's a convertible note scam.
Lenders give money to Alonzo, he pockets it, and returns a note, typically convertible into shares at the lowest price traded in the previous 20 trading days (right now, that equates to 0.0076/share) when converted.
Note holders periodically convert their mature notes (filings cover a couple million dollars in outstanding debt).
The 9 million shares they had left in the A/S as of 12/01/2020 will cover about $68,000 in current debt. The filings will tell you what their current debt load is. You should check it out.
Good Luck.
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