NoHo Inc (DRNK)

[Pigdaddy]

It’s my understanding based off of these PRs that holders of DRNK will be receiving shares of SNNC at a discounted market price in the form of a warrant. What isn’t known at this time is the conversion rate and price of the warrants but an example of what sounds like will happen is as follows. (Numbers used from here on out are made up)

Example: conversion rate 1 share of SNNC for every 1000 shares of DRNK.

So if I hold 5000 shares of DRNK I will receive the option to buy 5 shares of SNNC at a discounted price. If the market value of SNNC is .25 a share I can buy 5 shares at .15 and then in turn exercise the warrant for an immediate .10 a share profit.

Again all numbers are made up until they disclose what the numbers are.