Friday, November 25, 2022 12:30:44 PM
2) I saw their audited financials - I'm asking you to be clear on what document. But since you continue to play games.
The business combination and valuation came after whatever audited financials and disclosed a different capitalization structure then in any of the audited or financial statements previously posted.
that's a fact. For instance the prior fiscal year (before change) financials show common stock at 1.9 billion, the current fiscal year financial showed the 1.9 billion (also shows 2.6B - with no bridge between the two) but the acqusition documents showed that common stock is now 3.9 billion. with still an additional ~3.5B in preferreds, which and this is the first time i've seen them do this, they fully dilute this to show 20B in fully converted shares.
20B SHARES
this is why I keep saying dilution is coming on top of investors heads. And that is before the earnouts and other capital deals that would occur in the merge.
and that's before even talking about the over 100M in goodwill - showing they overpaid the value of their acquisitions (CGEX and Bamboo) and they have yet to pay for the PCEX acquisition and with Crypto in the bear market - they will have to settle this in some way (additional stock/preferred)???
And i haven't even gotten into the 1/3 of their revenue is internal (same companies or insiders).
Red flags all around
I wanted to be sure what statement you were referring to so I can iron out your statement properly. The DD I do is top notch.
FEATURED Cannabix's Breath Logix Alcohol Device Delivers Positive Impact to Private Monitoring Agency in Montana, USA • Apr 25, 2024 8:52 AM
Bantec Reports an Over 50 Percent Increase in Sales and Profits in Q1 2024 from Q1 2023 • BANT • Apr 25, 2024 10:00 AM
Kona Gold Beverages, Inc. Announces Name Change to NuVibe, Inc. and Initiation of Ticker Symbol Application Process • KGKG • Apr 25, 2024 8:30 AM
Axis Technologies Group and Carbonis Forge Ahead with New Digital Carbon Credit Technology • AXTG • Apr 24, 2024 3:00 AM
North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • NBRI • Apr 23, 2024 9:41 AM
Epazz, Inc.: CryObo, Inc. solar Bitcoin operations will issue tokens • EPAZ • Apr 23, 2024 9:20 AM