TAP Real Estate Technologies Inc (RWAX)

[TenKay]

I think there could be a legal or accounting issue in treating the warrant exercise as a loan in any way. The shares issued have to be “fully paid and non-assessable”…which they aren’t if the money used to buy them is treated in ANY WAY as a loan.

They may have been trying to wrap this up as a “settlement” for some fake “issue”. Which could be unraveled pretty quickly in a discovery if there was a lawsuit.