I'm not the one spewing false info about the Yozma note, particularly the 30% OID. You continue to claim Yozma realized a 30% profit in a very short time. If one reads and understands the mechanics of the funding agreement, the only way they can realize that profit is to fully convert the entire loan amount and then sell all those shares back into the market. Gerald has stated several times that Yozma is a long-term partner, so if they had sold their holdings to realize the gain you continue to state they made, then they would be out of the game and no longer involved with Todos as shareholders. Another part of the funding agreement you continue to ignore is what happens to the 30% OID funds when the uplist or fundamental transaction (merger or acquisition) occurs. That transaction would invest the funds back into the company and fully negate the 30% discount, so the only discount that would be realized is the 20% maximum discount on the conversion price, and even that would only be realized if Yozma sold all their shares after conversion. Just because you don't understand this doesn't mean I'm spreading false information.
Where did the 135M shares issued go? Some went to Yozma, and a lot went to the existing convertible debt holders who elected to convert vs. being bought out. Gerald even stated this in a recent tweet. Todos was contractually obligated to convert the existing debt holders, and they chose to convert vs. buy out because it was more profitable for them to convert. There is no mystery here about the increase in issued shares and who they went to. I'm fairly certain Yozma has converted all of the debt to shares at this point. Why would they not? The price went lower than the 0.0599 price quoted in the agreement, and they could have achieved the maximum 20% reduction in conversion price as the price drifted lower. I haven't calculated their lowest price, as the adjustment was on a 10-day moving average, and as I've stated before the adjustment would always trail the existing market price a bit, so they may or may not have converted at the lowest price possible, but I agree likely in the 0.04's as you stated. As the share price moved lower, they likely converted some along the way as the conversion price adjusted, converting more as price adjustment moved lower. Given the terms of the agreement, I would have fully converted if I had been the investor. Yozma still have the 16M share warrant they can exercise in the future once the share price moves north of the 0.10-something exercise price.
Do I believe Yozma sold those converted shares? No way. Given what Gerald has stated in press releases and tweets, I believe Yozma is in this investment for the long haul, not for a quick profit as previous funders have done. According to the statements, Todos has found a fundamental investor in Todos, something Amarantus never had, so it seems very likely Yozma probably converted but is holding their shares for the long term gain. They are a strategic investment firm, not a vulture capital firm turning a quick profit and driving the share price in the dirt in the process.
Since you've now sold out of your Todos investment, can we assume the Gerald Derangement Syndrome will keep you posting here telling us about the con man and incompetent CEO he is, warning us to save us from the same kind of losses you experienced investing his GC's companies? Just asking, as I'm sure others here would like to know what to expect.
