Thursday, March 16, 2023 7:03:58 PM
Jason has made a lot of conversion for debt commitments the past year and it looks like even some of those people will get screwed if he splits the stock again for the fourth time in four yeas. Look over the filings for what is to come after their holding periods. Much of that is sitting in restricted status waiting for its turn. Jason has to move a ton of shares to just cover the interest expense for his debt. That interest expense for 2022 nearly doubled from that of 2021.
The question is if the stock can be flipped at this level with any volume or will Jason simply do a slow walk up until an attractive bid build accumulates.
For the fiscal year ended: December 31, 2022
https://www.otcmarkets.com/filing/html?id=16432850&guid=n44-keSHJML0dth
Net Loss
The net loss for the year ended December 31, 2022 was mainly derived from an operating loss of $3,676,128, and interest expense of $5,979,456 and loss on change in fair value of derivative liability of $57,883. The net loss for the year ended December 31, 2021 was mainly derived from an operating loss of $2,637,239, and interest expense of $3,334,413 and loss on change in fair value of derivative liability of $614,658.
Everything that I post is just my informed opinion and is simply an invitation to debate. Trade on your own due diligence please..
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