Strake Inc (SRKE)

[HFM2]

VITX financing status (FYI):

2020 and 2021 (non-US):

As of July 31, 2021, the principal amount of convertible notes not yet settled or converted amounted to $283,436.

Feb 2018:

As of July 31, 2021, the outstanding balance for the February 2018 Note was $13,728 (2020: $28,178).

Feb 2019:

As of July 31, 2021, and July 31, 2020, the February 2019 Note had no outstanding balance.

August 2019:

As of July 31, 2020, the August 2019 Note had a total balance of $175,259 outstanding and was fully converted to 520,668,916 Common Stock of the Company during the fiscal year ended July 31, 2021.

October 2019:

As of July 31, 2020, the October 2019 Note had a total balance of $108,841 outstanding and was fully converted to 323,350,729 Common Stock of the Company during the fiscal year ended July 31, 2021.

And . . . warrants:

The warrants were granted by GH Capital as part of the “February 2018 Financing” convertible notes issued as outlined in Note 11. The remaining contractual life is 3.12 years and the exercise price is $0.0029 but can be exercised cash-less at the option of the holder. All warrants are exercisable as at July 31, 2021 (2020: all). The accumulated intrinsic value of these warrants as at July 31, 2021 is $887,755 (2020: $0). Due to the full ratchet anti-dilution provision the number of outstanding warrants represents management’s best estimate.

Then . . . subsequent events:

Conversion of Series B Preferred Stock to Common Stock
Effective September 28, 2021 the Company converted all of its 1,344,756 Series B Preferred Stock shares to 887,555,197 Common Stock conditional on Series B Preferred share holder consent.
Issuance of Common Stock for settlement of convertible note
Effective September 13, 2021 the Company issued a total number of 714,722,430 shares for the settlement of convertible notes. The remaining shares to be issued from the settlement of convertible notes is expected to be issued during the quarter ending January 31, 2021 (refer to Note 11 for further details).
Common Stock to be issued for cash
Subsequent the fiscal year ended July 31, 2021 the Company agreed to issue an aggregate of 29,820,667 shares of Common Stock to various investors through a private placement for cash, with the Company receiving total proceeds of $218,655 or an average of $0.0073 per share.

Pretty sure that should be Jan 31, 2022.