Corporate Universe Inc (COUV)

[lesgetrich]

If insiders did it, they're supposed to be named

From the September 30, 2020 Quarterly Report...

And instead of "toxic debt," COUV now has convertible preferred shares that I'd bet will be just as much dilution.

Whether we're talking about preferred shares or notes, the conversions are for a fixed number of shares, unlike toxic debt, where the number of shares issued varies depending on the pps at conversion. The notes are virtually guaranteed to be converted at $.0005/share while the preferred shares have a defined conversion ratio. Again from the same Quarterly Report...



It seems the company is owned by a consortium of institutional investors, probably with some deep pockets.