Tuesday, January 18, 2022 10:24:44 AM
Honestly, this not very dilutive at all, especially these days, most OTC companies that complete mergers or acquire assets issue tens of millions or hundred of millions of shares now.
Additionally, the $1.5M convertible promissory note is from the Regnum's parent company Phoenixus, not many OTC companies could even dream about getting a loan of this size, especially from the sleazy, toxic lenders most utilize.
Yes, Phoenixus ownership % increases but who cares, higher the better as far as I'm concerned.
https://www.sec.gov/ix?doc=/Archives/edgar/data/1716324/000147793222000165/rgmp_8k.htm
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