Santo Mining Corp (SANP)

[Maker13]

Frank had to pay off his convertible promissory notes holders or issue more shares to them. You remember the increase to 20 billion common shares in May 2019? It looks like he issued (half of them); 10 billion to them. Again, it was either Frank pay them off, or issued more shares to them.


Then add insult to injury, a Note Holder....(NOT THE CEO), tries to unload and sell those common shares on the market for a big profit. This is when the dilution hits.



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For the last 2 weeks, we have been battling Beaufort Capital and its principal Robert P. Marino, who has been barred by the SEC for 5 years https://www.sec.gov/files/Judg17-cv-01385Marino.pdf, has unwarranted tried to get two legal options, from various securities attorneys to have the share restrictions of SANP lifted by the transfer agent. We have successfully blocked these two conversions of over 200,000,000 shares of SANP at a current value of over $2,000,000USD; by making Marino's securities attorneys and our transfer agent aware of his SEC judgment.

These types of funders and their Shylocking business practices of demanding a "pound of flesh" inhibit many micro-cap companies' growth at the expense of shareholders and leaving the CEOs holding the proverbial "Bag of Shit".

We are not against noteholders getting their return on their investment, but this must be done in a fair, scheduled, and open matter, to protect the company and its shareholders, and under the guidelines of the SEC.

https://www.sec.gov/files/Judg17-cv-01385Marino.pdf

https://www.reddit.com/user/OTCSANP/comments/m0gw5k/barred_sec_funder_trying_to_rape_us/

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BTW, Frank paid off one his convertible noteholders too. He got a good deal out of it also.


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SANTO ANNOUNCES SETTLEMENT OF $345,000 CONVERTIBLE NOTE
Press Release | 06/07/2021

Santo Mining Corp. dba Santo Blockchain Labs (OTC PINK: SANP) today announces it has settled a $345,000 convertible debt note from Oscaleta Partners LLC to the sum of $80,000. Under the previous note agreements, the Company would have been obligated to issue more than, $3,000,000 in newly issued common stock, the Company will be adjusting its financials to reflect this new settled agreement of $80,000.



Frank Yglesias CEO of SANTO stated, "This is great news for all our shareholders and the Company, I want to thank the top management of Oscaleta for the flexibility they showed us in the renegotiation of these note agreements, and settle it at such a great discount, including for their trust and belief in the future of SANTO. The month of June will be bringing many corporate updates similar to this, besides uploading all the financials to the OTCMarket."

https://www.otcmarkets.com/stock/SANP/news/SANTO-ANNOUNCES-SETTLEMENT-OF-345000-CONVERTIBLE-NOTE?id=306132

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