Agreed HJ: scare tactics galore. It should be illegal, in fact, it's so manipulative that it probably is illegal! Anyway, I'm going to take it as a good sign and, you know what they say, "Volume before PPS." Interest in $BNOW is off the charts! I believe big things are happening behind the scenes and the CEO says it, meaning dilution, is in the interest of the long-term investor. Besides, I've watched this company go from zero volume to 1.4 billion shares traded in one day, woohoo! Despite everything, I am all in on this one!
The following is to dispel some concerns resulting from all the manipulation. See email below from Kurt, Integrity Media, media and CEO Justin Gonzalez, and, I pulled no punches with my questions:
Hi, XXXX,
Got the following back from management. Hope this answers your questions.
Hi Kurt,
As we discussed on the phone, I have concerns and a couple questions regarding the excerpt below from the recently filed Form 10:
1. As stated in the Form 10; are you even remotely considering increasing the AS to accommodate 35,030,680,000 converted Series A Preferred shares? That would be just insane even on the OTC in my opinion!
The SEC has required us to make sure that we have enough Authorized to accommodate the conversion of the Preferred A. We have applied to the state to change the authorized to meet this request by the SEC.
2. And then a reverse split was mentioned also in this form, to accommodate the conversion of these Preferred shares; are you considering a reverse split? Now, that would just add insult to injury, again in my opinion!
There is no reverse split being considered, I’m not sure what is being referred to in the form. Must be misunderstanding it because this is not something we are considering.
3. Please; what am I missing here?
I believe what is being missed is that there is no reverse split being considered and even though we have matured preferred shares it does not mean that they will be converted into common shares.
4. Finally, can you update on the conversion and distribution of the LOFB Spinoff shares? I was told there was a block of preferred shares set aside in an agreement which included a 2 year maturity period ending 10-31-2021. It is my understanding also that a request was sent to Boon's TA to convert those shares on or about 1-5-2022.
As a non-reporting company, as we were then, the maturity rate is one year. Now that we are a reporting company the maturity time is six months. I’m not sure where this two year maturity period ending 10-31-21 is coming from.
Any conversions of restricted preferred shares needs to be converted at the restricted rate after maturity to ensure market stability. The preferred shares remain in place to offer the company additional funding opportunities and options.
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Kind Regards,
Kurt Divich
Direct Line/Text: 702-327-4197
IntegrityMedia.com
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