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Wednesday, July 07, 2021 10:07:43 AM
Let’s face the facts regarding the float - nearly 5,000,000 of the 11,100,889 float increase was due to settlements from TXHD days
Take away those we would be around 6 million shares
Nearly 5 million shares of the OS were brought back from TEXTMUNICATION spin out and those were used to pay off toxic notes by accredited investors.
We now have real investors in the company.
Bert Richards formerly from Citigroup now m&a advisor
Rich Hoge owns 12.5% of the OS former Janus Fund guy. He’s held shares since 2019 (all restricted)
Company raised $3 million from accredited high net worth investors
If one of those toxic notes were allowed to convert the float would be around 40 million today
Management protected shareholders bottomline by paying off notes during transition period before launch
75% of the OS are insiders/ppm investors
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