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Re: starstx post# 18871

Sunday, 09/12/2021 10:33:44 AM

Sunday, September 12, 2021 10:33:44 AM

Post# of 22025
Thank you. I mostly agree with the general tone of your post. But I question the following:

Referring to the January 7, 2021 agreement between the Company and Marquis Trading, LLC as a "new deal" may be a bit of a stretch at this point. Fact is the # of issued restricted shares to an escrow account is still the exact number dictated by the convertible promissory notes. Also why do you assume the restriction period is for 1 year? In the absence of the actual agreement we have no way of knowing neither the duration of the restricted period, nor other conditions that may have to be met before they can be transferred and sold.

negotiated a new deal ... for restricted common stock so none of that debt could be converted yo shares for 1 year.


Notwithstanding the possibility that the pain will quite possibly be meted out slowly, 2.148 billion shares unleashed to the market is still a tough pill to swallow. So I sure hope that you are right that in the end the number will not be as high.

The shares reserved I guarantee you is not the amount that Marquis would ever be able to convert.


Here is the exact paragraph on page 32 of the filing:

Six Months Ended June 30, 2021
On January 11, 2021, the Company issued 2,148,820,062 shares of restricted common stock, which were issued to an escrow account as determined by Marquis Trading, LLC as a reserve for the possible conversion of the convertible promissory notes held by Marquis Trading, LLC. Pursuant to a January 7, 2021 agreement between the Company and Marquis Trading, LLC, the Company agreed to provide shares for the coverage of the conversion of the convertible promissory notes for principal and accrued interest totaling $111,322. The shares were issued and placed into escrow, but are not considered outstanding, as Marquis Trading has no rights to the shares unless it elects to convert the outstanding debt into common shares.


As some have already suggested, I question here the leadership skills of Feldenkrais. What kind of DD did he do before acquiring this particular shell? All he had to do was to go back to the 2015 files to discover the existence of these problematic promissory notes.