![](https://investorshub.advfn.com/uicon/97387.png?cb=1545114437)
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.
FEATURED Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM