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Wednesday, April 20, 2022 6:57:28 AM
“In March 2022 the Company entered into a settlement with a contract-mining provider to settle a liability of $200,000. The contract-mining provider mined iron for the Company during part of 2021. As part of the settlement, the Company agreed to pay the contract-mining provider (i) $10,000 per month over ten (10) consecutive months beginning April 2022 and (ii) a grant of 4,444,444 restricted shares of common stock.
“In March 2022 the Company issued 20,164,153 shares of common stock upon the conversion of 75,000 shares of Series B Preferred Stock issued in August 2021.”
So, in March alone, we issued a combined 34 million shares? That’s more than the trading volume for the entire month. No way we’re ever going to get any traction if this keeps up.
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