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Tuesday, November 09, 2021 4:21:36 PM
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.
Recent BYOC News
- Form 15-12G - Securities registration termination [Section 12(g)] • Edgar (US Regulatory) • 10/06/2023 09:19:32 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM
Branded Legacy, Inc. and Hemp Emu Announce Strategic Partnership to Enhance CBD Product Manufacturing • BLEG • Jun 27, 2024 8:30 AM
POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • POET • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM