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Re: WebSlinger post# 244365

Tuesday, 07/26/2022 8:09:06 AM

Tuesday, July 26, 2022 8:09:06 AM

Post# of 278871
Incorrect, again.

“I posted that YA II PN was dumping shares, and your claim was that act was repaying debt.”

My claim was that the shares Yorkville were issued to them by KBLB as repayment for the loan. What Yorkville does with those shares after they are issued (via a conversion of a debenture) is irrelevant.

The act of converting debt owed to shares secured is a repayment and reduction in debt.

Your choice of phrasing as to what Yorkville does with those conversions is, again, irrelevant. Debt is being repaid by the ISSUANCE, not the ultimate decision by Yorkville to hold or sell.

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