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Re: leslunier post# 2681

Friday, 04/16/2021 6:33:16 PM

Friday, April 16, 2021 6:33:16 PM

Post# of 20443

First now you are admitting that Yozma converted!

Mr. Gump, are you stupid or something? I have posted numerous times that I believe Yozma has converted. Clearly you don't read what I post, so it's no wonder you don't understand what I have posted about the OID, nor what the filings describe in the Automatic Conversion section of the funding agreement. How can I have a discussion with someone who doesn't remember what I've posted multiple times? Let me refresh your memory a bit.
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2/4/21 - Post #2335
There is no one year holding period on the Yozma convertible note. Per the filing, they can begin to exercise at any time after the note is issued. I suspect that is why the company has issued more shares in the last two weeks, even though they are funding operations with revenues after achieving positive cash flow. The number of shares issued far exceeds the numbers issued previously to fund operations.
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2/5/21 - Post #2340
I believe Yozma may be converting already, but I don't believe they are selling.
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2/5/21 - Post #2345
They would execute at the existing conversion price because it requires no additional commitment of capital on their part. They would exercise using the capital committed to the funding.
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4/4/21 - Post #2622
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.

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.

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.

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Another thing you appear to fail to grasp is that when Yozma CONVERTS the debt into shares they don't make a profit, the only eliminate the underlying debt and interest that Todos is no longer required to repay. For Yozma to make a profit on their discounted share price, they must SELL the shares in the secondary market. Gerald has stated several times that Yozma is invested here as a fundamental investor and is focused on Nasdaq. I find it highly unlikely Yozma has sold the shares received in the debt conversion. It wouldn't make sense. CONVERTING doesn't generate an investment return or profit. Only SELLING the converted shares does. If you buy a $100K house for $70K, you don't have a profit unless you then turn around and sell the house for more than the $70K you paid.

You can continue to challenge everything I post if you want, but I believe I have explained things sufficiently so most readers realize who understands the filings and the mechanics of what is described there. Will they more likely believe me or someone who claims I am just now admitting that Yozma converted when I have made numerous posts to the contrary, someone who claims to have been lied to by a CEO and lost $275K in that investment, and yet chooses to invest again with the same CEO, while continuing to post about him being a con artist, liar, and an incompetent CEO. So who do you think readers will believe has a more realistic grasp on things?