InvestorsHub Logo
Followers 17
Posts 1953
Boards Moderated 1
Alias Born 09/27/2020

Re: leslunier post# 2620

Sunday, 04/04/2021 6:32:32 PM

Sunday, April 04, 2021 6:32:32 PM

Post# of 20436
weren't you the one who has stated that you can't judge from past mistakes?

I referenced an article from Business Insider in post #2379 titled Most every successful person has a story of excruciating failure in their past -- and for good reason

Why don't you address the issue of over 137.5 shares issued since yozma ? Where did they go? That's more than 6.8 million at an average of .05 per share. There wasn't that much convertable debt without including Yozma.

Once again I will answer your "concern" that has already been address here in my posts.

See post #2338 regarding the minimum and maximum number of shares Yozma could convert given the maximum of 20% discount from the initial conversion price of $0.0599. Yozma could convert debt to shares in a range of 81M to 101M shares. Given the share price dropped below the $0.04792 price by the other convertible debt holders converting and dumping their shares, Yozma converted at the discounted price, so they very likely received the maximum of 101,357,409 shares.

I suggested Yozma may be converting already (but not selling) in posts #2340 and #2345.

Gerald stated in his Twitter posts on 3/13/21 (see post #2553) that convertible note holders had a contractual period to convert prior to being bought out and most chose to convert because it was more profitable, and that was disclosed in the 8-K filing. He also stated on Twitter on 3/16/21 (see post #2575) that he didn't know if the vulture funds were still holding shares post-conversion, but that they were out of the Todos capital structure. Since the heavy selling pressure pushed the price down, which would allow Yozma to convert their entire debt holding at the 20% discounted price per the agreement, why would they not convert? They would never get a better price. This also means Todos could have little to no debt remaining after all the conversions... a great time to start the share buybacks the CFO stated was an option after profitability.

In the same tweet, Gerald stated "We have one fund who has a different horizon in the market, and a VC who put into crossover round on the cap table now." He's referring to Yozma as the fund and Leviston Resources LLC as the VC. Gerald has stated numerous times in his tweets that Yozma is focused on Nasdaq listing. As such, it seems highly likely that while Yozma has converted, they are NOT selling. Since the selling pressure seems to have dried up, news is now starting to push the share price higher. Given this turnaround in events over the last few months, I would think you would have a better outlook instead of posting the same concerns over this turning into another Amarantus.

By the way, I thought you were done for a while, per your post #2342.

I'm done warning everyone about this scam artist. I'll check back in a year.

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent TOMDF News