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Friday, November 10, 2023 4:49:03 PM
Look at the 8-K agreement, do the math, Trilium with ultimately get $9,282,267 worth of stock which is a 35% discount price per share around September when agreement went into place when price was .0005, so thats .000325/share, doing the math thats 28,560,821,538, whereas current OS is what, 824 Million, and they say what ... "could very well exceed the current existing number of share outstanding" - the Q is how do they ever get close to that since Trillium at any point cannot have more than 10% outstanding, so expect first tranche to be maybe 80+ million - and they'll have to wait for the outstanding share count to keep going up to get more shares.
Just an absolute disgrace.
The thing is, they just cant get to profitability, and thats a huge problem, with what they have why they cant do it when other companies can do it I have no idea.
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