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Saturday, 06/25/2022 5:33:46 AM

Saturday, June 25, 2022 5:33:46 AM

Post# of 23788
What happened to the reckless predictions of 10 cents, 25 cents, 5 DOLLARS yesterday morning??? It Didn't happen, it isn't going going to happened. The deal will most likely be delayed and the "THE STREET" knows it.

The "STREET" also knows that their $17M in toxic DEBT can't be paid off because if they do get Ostendo Stock in exchange for a run-down, obsolete Data Center, the stock will be "RESTRICTED or PREFERRED I.E.,

“The Purchase Price shall be comprised of the issuance to the Seller of 4,697,917 fully paid, non-assessable shares of the Purchaser valued at $45,100,000.00.”

Do I need to define "non-assessable' shares, OK...

" A non-assessable stock is a class of stock in which the issuing company is not allowed to impose levies on its shareholders for additional funds in order to make further investments. The maximum liability the purchaser of the stock assumes is equal to the initial purchase price of the shares. Stocks issued by U.S. companies and traded on U.S. exchanges (and almost all other exchanges) are generally non-assessable."

They MAY receive, if the sale goes through 4,697,917 shares at $9.60 per share. The value per share of $9.60 will never appreciate no matter what the value of Ostendo's common shares are.

 So, if Ostendo stock soars to $100 per share, the value of their 4,697,917 shares will still be valued at $9.60 per share.

BTW, there is absolutely nothing in the filings or "Head of Terms" about a MERGER. That's plain old PROMOTION!

SO READ BETWEEN THE LINES FOLKS!