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Tuesday, February 21, 2023 10:46:26 PM
As of now, we don’t know exactly what kind of business $CSUI will be in, but it looks like they are definitely “setting things up” by leasing an office.
Here’s the most interesting part of the filing, and yes, I read the whole thing.
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
“Subsequent to the period we issued 3,600,000 shares of our restricted Common Stock to a consultant for services. The stock was valued at $0.04 per share. We relied on section 4(2) of the Securities Act of 1933, as amended”.
What’s interesting is that they value the stock at $144,000.00 to THE CONSULTANT for his SERVICES.
So the big question is this. Who is THE CONSULTANT? And exactly what is he consulting them about? More specifically, what line of business is this person an EXPERT in and what does he bring to the table for a sizable 3,600,000 shares?
What’s interesting about this Consultant is that he most likely would only agree to such a payout if he felt the stock would be worth considerably more than .04, or he would NOT take the deal. He must feel a sense of “this project is so good that I would rather have stock at .04 INSTEAD of CASH”. He must also be a pretty big believer in the Business Plan to take 100% stock for his work AND NO CASH WHATSOEVER. It’s a positive thing I’m seeing here.
That’s a pretty nice payout for the CONSULTANT, who surely sees his stock as a better form of payment for his work instead of cash. And $144,000.00 worth of RESTRICTED STOCK is a sizable amount of money for being the CSUI CONSULTANT, for whatever it is they have planned here. It’s also very important to note that the stock is NOT LIQUID, as it is RESTRICTED STOCK. That says a lot too!!
So here’s all I know right now.
They are getting an office, leasing 1/2 of it out, and paying an industry expert consultant “In RESTRICTED Stock” to advise them along the way in their new venture.
What I’m thinking is that they are going into some kind of business or THE CONSULTANT is the middleman between $CSUI and another company that will reverse merge into CSUI. It’s appears that “the Consultant” is very confident that he can bring what’s needed here to make his stock worth a lot more than its value today. The fact that it’s RESTRICTED and not UNRESTRICTED says a lot in my eyes. It also shows the confidence of CSUI in THE CONSULTANT “to make things happen”, because they appear to be giving a sizable sum of stock away with no guarantee. Everything I’m seeing shows strength in both parties, CSUI & The Consultant.
Looking forward to more news.
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![Bullish](/static/images/ih2-bull.png)
Recent CSUI News
- Form 8-K - Current report • Edgar (US Regulatory) • 05/09/2024 07:09:40 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 01/12/2024 08:50:50 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 10/17/2023 04:43:00 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 10/13/2023 08:06:39 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 09/12/2023 06:47:50 PM
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 08/28/2023 09:04:07 PM
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