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Wednesday, May 18, 2022 2:35:37 PM

Re: Big Brother post# 4958

Post# of 5048
I am not a big fan of these trusts. A friend of mine told me to be careful with these. I followed the last one ODOT and it has only gone down in price.

I still prefer my old shell stocks and new good share structure IPO's lol. Still looking for some new ones.

YT_FD just put out an 8-K

On May 16, 2022, Yale Transaction Finders, Inc., a Delaware corporation (the “Company”), issued convertible promissory notes (the “May 2022 Notes”) in the principal amount of $50,000 to (i) Ironbound Partners Fund, LLC, an affiliate of the Company’s Chief Executive Officer, (ii) Moyo Partners, LLC, an affiliate of the Company’s President and Treasurer, (iii) Dakota Group, LLC and (iv) Rise Capital Corp. The May 2022 Notes have a maturity date of June 30, 2023 and bear interest at the rate of 5.0% per annum, payable at maturity. The principal and accrued interest on the May 2022 Notes are convertible, at the election of the holders, into shares of the Company’s common stock following the consummation of a “Qualified Financing” (as defined in the May 2022 Notes), or upon the consummation of a “Fundamental Transaction” (as defined in the May 2022 Notes) at the “Conversion Price” (as defined in the May 2022 Notes). The proceeds of the May 2022 Notes have been and will be utilized by the Company to fund working capital needs.

Looks like something is in the works here. They only get their money back after they finalize a transaction.

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