Beyond Commerce Inc (BYOC)

[warfaretrader]

From 11/12/21 10Q last year. On October 25, 2021, the Company entered into a securities purchase agreement (the “Securities Purchase Agreement”) with Discover Growth Fund, LLC. (“Discover”), a current stockholder, for cash proceeds of $1,000,000 for the purchase of 10,000 shares of Series C Convertible Preferred Stock that are convertible into 100,000,000 shares of the Company’s common stock at the fixed conversion price of $0.01 per share.

There is no mention of $.01 from either of this years 10Q's. Recent Developments
Stock Purchase Agreement
On October 25, 2021, the Company entered into a Stock Purchase Agreement (the “SPA”) with one investor to purchase 10,000 shares of the Company’s Series C Convertible Preferred Stock, convertible into a total of 100,000,000 shares of the Company’s common stock, par value $0.001, for a purchase price of $1,000,000. The SPA contains standards representation, warranties and covenants made by each party in the SPA.

***As of June 30, 2022, our authorized capital stock consisted of 30,000,000,000 shares of common stock, par value $0.001 per share.

Imo lots is being played out behind the scenes here with the ongoing lawsuit, which hopefully gets settled on or before Sept 19th deadline. If not, a court date will be issued, and i'd expect an 8K if this happens, mostly because i think this will push back a merger with Eletric build. Lots at risk here from all players! Trek what are your thoughts. I've not been able to find anything in any filing from this year in regard to the old exercise price of $.01 by Discover. $BYOC