Tuesday, April 20, 2021 8:30:34 AM
True, it is getting messy, but as you might recall Jason was doing the Dataexpress deal even after announcing the last reverse split. He left a one year window in the reverse split preliminary notice this time. Why not increase the authorized share count and issue more shares for a couple of more acquisitions before splitting again? He dropped nearly 2 Billion shares on the Dataexpress deal when this was trading around .002. I just don't think he is done with the current group of traders yet since he is wanting to acquire more products. I think he needs to wring out the last penny in shareholder losses before starting again after the reverse split.
On September 16, 2019, the Company entered into an Asset Purchase Agreement (the “APA”) with DMB to acquire certain assets collectively known as DataExpressTM,, a software platform for secure sensitive data transfer within the hybrid cloud. The total purchase price of $2.78 million consists of: (i) a $410,000 cash payment at closing; (ii) a promissory note in the amount of $910,000, payable in the amount of $41,661 over 24 monthly payments starting on October 15, 2019, accruing at a rate of 6% per annum; (iii) assumption of $198,986 in liabilities and, (iv) 1,849,315,068 shares of our common stock
On September 16, 2019, the Company entered into an Asset Purchase Agreement (the “APA”) with DMB to acquire certain assets collectively known as DataExpressTM,, a software platform for secure sensitive data transfer within the hybrid cloud. The total purchase price of $2.78 million consists of: (i) a $410,000 cash payment at closing; (ii) a promissory note in the amount of $910,000, payable in the amount of $41,661 over 24 monthly payments starting on October 15, 2019, accruing at a rate of 6% per annum; (iii) assumption of $198,986 in liabilities and, (iv) 1,849,315,068 shares of our common stock
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