HeadsUp Entertainment International Inc (HDUP)

[solong]

$HDUP - wonder why they put out every transaction in the latest 10K, regarding Spinola? It's the first time we've had any real transparency...maybe getting ready for Nasdaq?

read the Note 5 mentioned in the filing - from page 21

The Spinola Loan in the amount of US$720,000 is effective May 5, 2021, bears interest of 3% per annum, and is due within 12 months. All payments are first applied to accrued interest and the balance to principal. The Spinola Loan can be paid in whole or in part, at any time and from time to time, without penalty or premium. On May 5, 2022, the Company and Spinola agreed to extend the loan repayment due date to May 5, 2023.
During the year ended January 31, 2023, the Company advanced $536,162 (2021 – $830,560) to Spinola. As at January 31, 2023, total amount due from Spinola was $2,086,722 (2022 – $1,550,560). At January 31, 2023, the acquisition of Spinola has not been completed. All parties continue to move toward the disclosed corporate finance structure of the reverse triangle merger.

Any idea as to why a "pump and dump" would be moving towards greater transparency?