Solar Integrated Roofing Corp (SIRC)

[Knux]

It's hard to know the exact specifics and resulting inconsistencies without seeing the notes ourselves. Ideally, in the name of compliance and transparency, each note would actually be scanned and submitted as an exhibit for all of us to read.

Maybe Dave could even brush up on them himself.

(Could also just be more neglect/omission in the filings. Perhaps just ignorance of how they were actually drawn up, and what they actually are. Unless a securities lawyer + knowledgeable CFO are in the room, claiming a set conversion price like this seem foolish)

These predatory blights have all sorts of "GOTCHA" stipulations attached. You're walking through a minefield of penalties based upon arbitrary performance. Interest accruals reaching a certain limit, a late payment, not submitting a filing on time, the stock trading at lower values consistently, kicking Peter out of the discord chat, and forgetting to floss your teeth before bed etc...can all trigger a near reconstruction of the note.

Devastation is the usual result if you aren't fully on top of every single word in every one of these things, and working like hell to get rid of them.

Exhibit A.
"During the year ended February 28, 2021, holders of certain of the convertible notes converted notes with principal and interest amounts of $1,157,376
into 93,277,337 shares of common stock" I'm sure Dave fully underestimated the complex instruments he had in his possession, and the sharks eager for some fresh meat.