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Re: thesmallguy post# 58098

Tuesday, 11/09/2021 4:21:36 PM

Tuesday, November 09, 2021 4:21:36 PM

Post# of 63455
The price never touched a penny after the first round of 1m, that first $1m was not the source of the "first round of toxic funding"

Discover got 1.5M shares of series C shares for forgiving $3.4M in debt (that was accruing at a way higher rate so it was actually a lesser of two evils)

Then Discover paid $1M for just another 10,000 series C shares.

Then They paid a 2nd $1M for another 10,000 series C shares.

In the mean time, it appears that they have diluted some 400-500 thousand of that original 1.5M series C which equates to 4-5B which is why the A/S was raised and the OS was raised.

Also, the illiad lawsuit triggered a Discover lawsuit bc BYOC "didn't disclose the complaint" to Discover so Discover will be betting more series C shares as a result of that settlement.

They can't convert the two groups of 10,000 shares unless price is at 0.01, but they could add another 10-11B with what's left of their original chunk.

I'm hopeful they pause for awhile and let BYOC put out some good news before they resume. Really, they could help their own cause a lot by just stopping for awhile and letting pps get higher before converting any more.