Those explanations from the angry (hair on fire) bystander, are about 50% true, now let's walk through this transaction and clear up any misunderstandings.
1.) DRNK acquires Smog Armor for Pref Shares valuation TBD, no current dilution.
Smog Armor-has a patent pending carbon eating paint, could be huge, not
presently, the management team is very well positioned for the huge growth
that is anticipated with proper marketing (cost) . What did they have before, a
five-hour energy knock off not much revenue, replacing it with state of the art
paint that eats carbon with no competition, I personally prefer the paint deal,
tons of upside in the green space, etc..
2.) DRNK sells IP, Brands and formulas to SNNC, which has wellness brands.
DRNK shareholders will receive a valuation TBD upon definitive agreement
(we don't know yet, don't get your panties in a wad)
Will include a revenue share from the After Shot sales % TBD ( we don't know
yet)
Will receive a stock purchase warrant to purchase shares of SNNC at a
predetermined price, which they say will be at a discount to the current stock
price (example: wts exercise price is .02 the current stock price is .05, if you
had 1,000 wts it would cost $20 to get 1,000 shares of common stock, which
has a current value of $50 you are net $30 in the green)
Number of Warrants to be issued TBD
SNNC will file an S-1 to register the shares for the transaction to make them
free trading ( suggestion get a cusip for the Wts and have them trade as
SNNCW)
NO debt is moving from one Company to the other, don't listen to the noise
makers, just sayin
