Friday, March 03, 2023 4:24:12 PM
It is a pretty good business model of continuous reverse splits and share selling since so many traders in the OTC believe that this time will be different. This legal mugging of the OTC gamblers is sanctioned by the SEC as long as the company files their intent to take your money. It is in the filings that they will dump "X" amount of shares priced at a pittance in about 6 months time. I find it very hard to sympathize these days especially since Jason will likely do it again for the next year.
For the fiscal year ended December 31, 2020
https://www.otcmarkets.com/filing/html?id=14820407&guid=Wd4-kF9quVGAB3h
On December 11, 2020, the Company entered into a Common Stock Purchase Agreement (“CSPA”) with Triton Funds, LP, a Delaware limited partnership (“Triton”), an unrelated third party. Triton agreed to invest $1 million in the Company in the form of common stock purchases. Subject to the terms and conditions set forth in the CSPA, the Company agreed to sell to Triton common shares of the Company having an aggregate value of One Million Dollars ($1,000,000). The price of the shares to be sold will be $0.006 per shares. Triton’s obligation to purchase securities is conditioned on certain factors including, but not limited, to the Company having an effective registration available for resale of the securities being purchased; a minimum closing price of $0.009 per share for the Company’s common stock on the delivery date for the shares; and, Triton’s ownership not exceeding 9.9% of the issued and outstanding shares of the Company at any time. The Company filed a registration statement on Form S-1 with the SEC on December 28, 2020. The S-1 was declared effective by the SEC as of January 26, 2021.
Everything that I post is just my informed opinion and is simply an invitation to debate. Trade on your own due diligence please..
Recent ATDS News
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