Sunday, September 12, 2021 10:33:44 AM
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.
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.
Here is the exact paragraph on page 32 of the filing:
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.
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