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Alias Born | 07/06/2014 |
Sunday, June 04, 2023 6:08:08 PM
- "Lol, ward does not sell his shares, he has to keep them for control."
TRUE, good for him, he knows what he has I guess
- "He issues himself shares"
FALSE - there have been no issuances to himself since he created the company in 2017 6 years ago, he got all the shares he needed and was entitled to since everything in the company came from him from previous 4WardResources a private company that he owned and started. The 4 stands for his 4 sons by the way in case you were interested.
- "He issues toxic convertible notes for cash and they are converted for shares later. That is what is happening now, they converted them into share and are dumping."
This USED to be TRUE, in combination might I add with private placement. BUT now is FALSE as he hasnt done so in a couple years and there are no shares left to convert since before the company went to the expert market: From the latest Quarterly report:
https://www.otcmarkets.com/otcapi/company/financial-report/373820/content
- "The cash they get is used for G & A expense. Guess where that goes? Lol. $276,146 last year."
TRUE that's how the company keeps running like any other company in the world.
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