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Thursday, March 10, 2022 7:36:34 PM
Why do they feel the need to take up a deal that is so toxic ?
Don't they know people that would offer better terms ? Aren't there people that believe what these ''top notch'' people can do ?
This proves how incompetent they are if they have to resort to this.
This lender will keep diluting the stock until he is paid back... which will not happen for a LONG TIME as there is no way they get revenue going anytime soon with their SLOW if any progress at all... He can easily send this to trips if he decides to... I have seen it happen with other stocks
And on top of that he gets 22 milly shares for 2200 bucks which he can sell on an open market now for 1.3 mil.
I call that a deal of a century for the lender and a big middle finger to all current holders. Absolutely criminal deal.
Bad news after bad news after bad news...
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