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Re: ChiefZ post# 1338

Sunday, 11/20/2022 7:38:43 AM

Sunday, November 20, 2022 7:38:43 AM

Post# of 2213
I guess it wasn't actually 2 million. The O/S was 65,861,631 and went to 67,202,907. An increase of 1,341,276. After reading the 10-q more thoroughly, yes that was all AJB.

As disclosed in Note 11 above, the Company paid a commitment fee to AJB Capital of $250,000 in the form of 1,250,000 shares of the Company’s common stock (“Commitment Fee Shares”) in connection with the issuance of the Second AJB Note, which was repaid on September 27, 2022. During the six month period following the six-month anniversary of the closing date, AJB Capital was entitled to be issued additional shares of common stock of the Company to the extent AJB Capital’s sale of the Commitment Fee Shares has resulted in net proceeds in an amount less than the Commitment Fee. As a result, the Company issued an additional 1,341,276 shares of common stock to AJB Capital on September 15, 2022. The fair value of the shares was $134,128, based on the closing price of the Company’s common stock on the date of grant.

That has to be gone, or very close to it by now. By the t-rades we saw it really looked like arranged buying for large chunks of those commitment shares.

We have a bounce coming, with nothing to get in the way. This is too low a PPS considering 2 institutional investors and the CEO are in for over $4,500,000 at $.15.

Won't take much in the way of news to get us back up, IMO.

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