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Friday, May 28, 2021 5:31:21 PM
the press release from today says "A portion of the proceeds will be used to retire outstanding convertible notes."
doesn't seem to limit those notes to Auctus.
the annual report lists outstanding notes with PowerUp, Auctus, JSJ, and EMA. The EMA note was in default as of 12/31/20 and not sure what the resolution of that was/is.
Pride and Cavalry also had notes mentioned in the annual report but those may be been resolved.
IF all of these notes are still in fact outstanding and can be converted, seems like that will be an additional significant number of dilutive shares if conversion is chosen by the note holders versus a principal and interest payoff.
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