Astra Veda Corp (ASTA)

[ALTOGETHER]

Notes, thoughts, and impressions from Astra Veda shareholder meeting held in Nashville, TN on May 25,
2023. This document has been drafted by shareholders in attendance. It is our personal recollection and
interpretation of the meeting. This document is not approved nor officially sanctioned by the company. It
is entirely possible that some contents in this document are misinterpretations; however, every possible
effort was made to give an accurate representation of what was presented at the shareholder meeting.
Principals in Attendance:
• Mick Davis, CEO
• Jeff Ballard, COO
• Ron MacDonald, GM and Director of Sales
• Scott Shires
• Andy Finch, BBP Partner
• Daniel Eppinga, CRO
• Kelly Davis
Agenda:
• Brief History
• Business Strategy
o Review Disclosure Highlights
o Acquisition Strategy
o NASDAQ
• Review
o Legal Challenges
o Funding Challenges
o Tremendous Opportunity
• Why Not?
o Social Media
o Discords
o iHub
• Q & A
• Punchzee Review
o Drone Pal
o Property Flipper
o Traxus
o BBP
• Pathfinder 360
o US Probations
• BBP
Highlights/Points of Interest:
This will be a mixture of things that were directly stated by the company and interpretation/impressions
of shareholders in attendance:
• Pink Limited status was predicated from a one share difference in TA posted OS on OTCM profile
and what has been listed in all company disclosures since 2021. OTCM just now caught this one
share discrepancy after 2022 Annual Disclosures were posted. Mick stated he had to go to the TA
to verify which number was correct and was unable to generate an Attorney Letter until this was
completed. He stated that it has now been verified with the TA which number is accurate and he
intends to update the Annual Disclosure and submit an Attorney Letter. However, he also stated
that he is extremely busy, and he will get to it when he is able to.
o It was brought to Micks attention that long-time shareholders are concerned about this
issue and this is important for us and we would like it rectified as soon as possible. Mick
stated he understood but also that he was not in the business of creating a market for
speculators. People who want to sell have an ability to do so and those who want to buy
have that same opportunity (ex E-Trade and Fidelity allow Pink Limited purchases).
• Mick and the principals currently do not own any shares. Kelly Davis is currently listed on OTCM
as a company insider owning more than 10%; however, if you read the fine print, it is a
requirement to list 10% or more owner in any class of shares – and she is listed due to ownership
in all four Class A shares. The Class A shares are not convertible to common stock and are no
tradeable on the open market – they have no value outside providing control over the company.
o Mick stated that this is a problem—the fact that principals, especially Lauri—do not have
any shares and once the company is cleaned up that this will be rectified. NFI (No further
Information).
• In regard to the perception that Mick and principals have no “skin in the game,” Mick mentioned
that the acquisitions that have occurred and will occur in the foreseeable future are happening
on their personal credit. Additionally, Mick has personal legal liability in ongoing litigation.
• The goal, as soon as possible, is to up-list to NASDAQ. Their goal is $25M in revenue/assets
(minimum NASDAQ requirement).
o Mick stated in their view this is $5M X 5 (meaning five ventures with $5M revenue
assets) – and Mick stated any idiot should be able to do this.
• In regard to cleaning up the securities:
o F Shares
? There are 4,000,000 shares authorized and 2,783,333 shares issued with a
conversion rate of 1:7 to common stock – for potential of 19,483,331 common
shares.
? Mick stated that this entire class is completely illegal and will be cancelled.
Holders will be sent an offer of compromise.
o New class of “Dividend Shares”:
? Once the securities are cleaned up the company will offer this new class. The
idea is to offer large shareholders an opportunity to convert common shares into
this new class (conversion rate TBD) which will be nonconvertible back to
common shares and would entitle holders to equity share in co-affiliates when
liquidity event occurs.
? This is a creative way to lower the OS and allow large shareholders to become
equity partners in co-affiliates.
o Toxic Lender litigation:
? Going after Apollo under RICO
? Blackbridge
• This had to be voluntarily dismissed due to legal technicality and “Clean
Hands” doctrine. Once the other cases (Apollo and likely case with prior
CEO) are adjudicated then can go back after Blackbridge.
o The question was asked if that is the company’s intent, and it
was stated that shareholders would have to lead that litigation
and it was insinuated that was the intent to help facilitate
shareholders ability to take legal action against Blackbridge.
o This is likely why these cases cannot be settled through
mediation and need to be completely adjudicated by judge/jury.
• Lauri was not full-time with WRFX/ASTA until August 2018
• Punchzee
o This software is proving to be very robust and easily adaptable to new ventures.
o Drone Pal
? Mission planning app that will be used to help drone pilots manage flights
o Property Flipper
? App for individual and institutional investors who “flip” homes
o A Florida-based national flooring company worth $18B has inquired about a private label
version of Punchzee
o Pathfinder 360
? Spearheaded by Daniel Eppinga
? A mentoring tracking app to assist parolees entering back into the
workforce/society
? Initial meetings held with Bureau of Prisons have been held and are very
promising
• BBP
o 1 patent issued
o 1 patent pending
o School in FL has ordered one blind and has been extremely meticulous in asking for
matching Sherwin-Williams paint. Once delivered and they are satisfied then they will be
outfitting the entire school. This will be the first school outfitted with BBP.
o Brand new construction courthouse in the Northeast has had BBP written into the
construction specifications by the local government.
o To date a total of $74,000 in revenue
o $7M currently in “sales funnel” over the next 2 years and they believe they can close at
least $3M during that time (conservative estimate)
o Two Venture Capital firms watching EBITDA for BBP and will make offers when time is
right
o UL is the only entity who can certify bullet proof products. After BBP was certified and
tested the UL gun range manager called BBP to order the product for their range. UL was
the very first customer for BBP.
o BBP was recently tested by the Chief of Police for Atlanta. They showed a video of this
event. Andy Finch told a story about why this test was conducted – in short, BBP possibly
in the running to outfit the entire Atlanta school district. The Chief of Police was “very
impressed” with the test and demonstration.
• Acquisitions:
o Closed:
? Microbrewery – is currently profitable and has current revenue over $900k/year.
The microbrewery currently does not have distribution and ASTA believes it can
double revenue within the next year or two.
? Demo Company – is currently profitable and generating $1.7M/year in revenue
o In consideration:
? $4M/year in Revenue
? $9M/year in Revenue
o Again, the goal is to have 5+ companies that are generating $5M+/year to reach the
minimum requirement for NASDAQ up-list
• General overall thoughts on timeline:
o There was a consensus theme of 3-5 year horizon – however, this was self admittedly
very conservative
o It seemed this timeline was in relation to NASDAQ
o It seemed principals felt the “ship” was ready to leave the dock but might not be full
steam until after litigation
o Prior CEO litigation is not a hinderance to moving the company forward – it is mainly the
toxic lender cases and current WY case with Scott Eppinga
o The Parano Protocol and Sayphr tech currently belong to Lauri/Mick. Once the litigation
is over these will be unleashed and rolled into Astra Veda
o There aren’t many encryption companies for a reason and this line of business is very
tricky
o There were some very smart, savvy, High Net Worth investors present. Among the group
it was felt that this company is absolutely a $1B+ company, will go to NASDAQ, and will
be $1+ at least in the next 3-5 years (but the sentiment was it could be sooner).
o Daniel Eppinga gave an impassioned presentation on Pathfinder 360 and addressed his
relationship with his brother Scott Eppinga – everyone in attendance was left with zero
doubt regarding the strained relationship and Daniel’s allegiance/loyalties.
o Long-term shareholders discussed the level of communication with Mick. After the
discussion, he indicated he understood shareholder concerns and would consider
increasing communication through company channels to help minimize shareholder
speculation and concerns.