SFLMaven Corporation (SFLM)

[Werbe]

Bro, there is some major convertible debt hidden here. What you circled shows the liabilities of $1.5 million, which has convertible features built in some of the owed money. Liabilities and shareholder equity shows what the company owes(liabilities) compared to what shareholders would receive if the company was bought out and money had to be paid out to shareholders(shareholder equity.) These numbnuts did not even do the math correctly, they show 1,529,647 - 1,529,647 = 50,000 lol. It should be 1,579,647 - 1,529,647 = 50,000. This ticker still has major cleanup needed. The majority of the old loan looks like its owed to Ladin but they never identify who is the loaner. Also shows 300k convertible @ .0005 and another 50k convertible @ 50% discount.

I thought MacKay was legit until I saw he bought court debt @ GEGI and has been dumping it on everyones heads. Hes a slimy dude, wolf in sheep clothing.

On May 23, 2022, the Company entered into a convertible note with an investor, who obtained possession of the court judgements from the Michael Lattuca debts. At the time of the issuance of the May 23, 2022 Note, the outstanding balance due on the three judgements was $757,201, which included $239,057 in accrued interest. The amount of the May 23, 2022 Note was $500,000 and is convertible into common stock at any time at a rate of $0.001 per share. On June 15, 2022, the holder converted $98,251 of principle on the May 23, 2022 Note, resulting in the Company issuing 89,319,090 shares of common stock. On October 21, 2022, the holder converted $78,643 of principle on the May 23, 2022 Note, resulting in the Company issuing 71,493,744 shares of common stock. As of March 31, 2023, the balance due on the May 23, 2022 Note was $350,725, which included $27,619 in accrued interest.