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Re: nudie post# 71184

Tuesday, 05/25/2021 8:45:18 AM

Tuesday, May 25, 2021 8:45:18 AM

Post# of 81528
NUDIE- Run don't Run. DISASTER Q During the fiscal year ended June 30, 2019, certain members of the board of directors and stockholders of the Company made $242,000 in interest free advances to the Company which are shown as “Due to related parties” on the consolidated balance sheets. The advances are convertible into shares of the Company’s common stock at rates ranging from $0.0024 to $0.0050 per share or 75,916,667 shares of common stock in aggregate. During the quarter ended March 31, 2021, $142,000 was converted into 55,916,667 shares of common stock.

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