Tuesday, January 12, 2021 11:40:35 AM
The S1 absolutely has to do with MDIN wanting to sell shares in an attempt to raise money to grow the company. It's even spelled out where they intend to spend the money should they be successful in selling the shares.
Remember that there are two parts to it. The company offering 250 Billion (Primary) and the lender with another 750 Billion (Secondary) are essentially competing with each other to sell as many shares as they can before the registration expires.
I don't think I'd call the $343K worth of notes held by the lender barely anything, as it ends up meaning a lot of shares get issued.
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