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Re: RSI38 post# 16985

Thursday, 11/11/2021 4:35:56 PM

Thursday, November 11, 2021 4:35:56 PM

Post# of 28549
Whoever is selling down here the buyer is getting a pretty nice deal considering the fact that the R/S isn't on the table for at least two months. You've got notes extended to Jan 2022- each with a 120k extension fee. (The two final notes if I am not mistaken) That being said, I can promise you with the UTMOST certainty that allowing a note to extend which carries 120k fee is NEVER something a company allows to happen without some sort of contingency plan which can justify such a thing. Meaning, they are betting 120 thousand dollars on a successful up-list to NASDAQ following the RS. Now, many of us will shudder at the thought of the IPO following the RS because there is risk that shareholder equity will be reduced during the initial public offering. I would not be to concerned about that, once on NASDAQ the float here following the IPO will be around 30 or 40 million. A low floater NASDAQ stock can moonshot on news very easily. Averaging down on a NASDAQ stock will allow many baggies to get back green. Averaging down in OTC land as you can see, is much different. One tick flippers everywhere. Manipulation, toxic note holders...Which brings me to my next point, the proceeds from their IPO will NET- at least 35 MILLION....I repeat NET... that is after fees. They have announced the Asia Pacific acquisition is due by Dec 31'st- Extended two toxic notes to Jan 2022- Announced and filed S-1 to uplist to NASDAQ several months ago which means the timing indicates they could be trading on NASDAQ by year end... whether you believe it or not. Proceeds from the IPO will be to pay for Asia Pacific and redeem debt removing TRILLIUM and those leeches once and for all. This is all just an observation- Anything can happen but at the very least, I feel bullish right now until Jan 2022 where I will re-evaluate my position. Remember, things can turn around very fast- you could see 6 months of paper losses washed away in a week, or a day. Never surrender a loss to some manipulative short. Don't pay them. If you don't like seeing red, manage your risk better and don't overextend. Otherwise we are all in this together GLTA
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