Tuesday, June 21, 2022 11:35:09 AM
1) All the commotion on the board recently it forced Mathews to act, if we keep up the pressure it will force him to do more.
2) The note is now we have been discussing is now convertible at.006. However his holding period will not start to after the split 2-3 months. The reason being under current note the holding period id void,Delaware law does not allow stock issued under par value. To qualify stock has to be fully paid. In addition at .006 conversion he will receive 19,169,912 shares of stock. After split there will be 166 million shares outstanding, he will have over 10% and becomes by rule and Insider and sales are restricted.
My counsel is doing an asset and insurance search, he be-leaves will still have damages by company issuing note. If stock goes back quickly to .0014 the price when note was issued,due to the reverse split we may loose our claim. However i don't think milk dude has the ability to do that. I do be-leave the directors and companies legal council will continue to push to company to close deals and bring value to stock.
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