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Thursday, August 03, 2023 1:46:15 PM
Try and get it this sequence:
1. Settlement by all parties signed and executed after legal review
2.Fixed number of shares vary by case and negotiated. Always to benefit Company, often by 50% discount
3. Restricted shares issued under Rule 144.
4.DBMM role concluded and reported
5. Other party to Settlement may seek to get legend removed with a separate legal opinion based on Rule 144. Documentation provided.
6. Legend removed with Legal Opinion .
Blinders to not understand, but bashers irrelevant as shareholders do.
Agin - March 2022 was before FINRA approval and before CE dropped. No one was “destroyed” that is total BS.
As per filing, eachSettlement of Aged CD Debt is unique and is reviewed and approved by Company Legal Counsel. Settlement cancels CD, interest and all terms. The fixed shares were issued as Restricted. The Company issued them Restricted under the Settlement with the lender and by regulation . All settlements benefit company and so state.
Subsequently, the lender would then need a separate Legal Opinion to have unlegended shares issued which meets Rule 144 criteria. Company would have no role here.
Always revisionist history. Learn the regs .
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