Wednesday, February 03, 2021 10:57:18 AM
<< Anz will exchange a collection of properties which he has valued at $630,000, in return for a package of stock and warrants... >>
What, exactly, are these "properties" and why do we want them? I assume that they are already leveraged up to the hilt. At least they are not costing anything, other than the extra electricity for operating the printing press on the night shift. We'll get another massive dilution, of course but nothing that another 1:50 reverse split can't handle.
I personally have a bunch of properties that I have determined are worth almost $1 million; at the present time, I might be willing to exchange them for 15 million shares and a bunch of warrants. Then, I can dump them into the market like Mr. Anz is going to do, monetize my worthless properties and claim a capital loss into the bargain. Sounds pretty sweet.
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