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Tuesday, November 14, 2023 1:27:00 AM
The EDGM guys are placeholder...
You really think they have much say in anything, when the Board of Directors is comprised of Phoenix Group CEO and CFO, and the supra majority shareholder with 87.6% ownership is Phoenix Group Founder (Munaf Ali)???🤔
They are there because they know how to navigate the SEC reporting landscape for a merger with a private company involved in the Blockchain/Crypto sector
Edgemode merger wasn't even that bad... They only got 80% FWAV, which is far from being crazy...
Also, it's false that EDGM options were predatory (Most of them only vested upon Nasdaq uplisting, that got changed into upon them purchasing 15m$ worth of mining equipment), and there has been no toxic dilution on EDGM... Edgemode isn't Bankrupt, their Hosting provider Computer North is...
The issue, there, is that the majority of their 600MW hosting contract thing they mentioned, doesn't seem to have come "online" since then, due to lack of funding, BUT that WON'T BE AN ISSUE WITH TCRI, being backed by Phoenix Group!
On top of that, Edgemode didn't own any % of FWAV, prior to the merger, while Munaf Ali own 87.6% of TCRI, so...
You are comparing grapes to watermelon...
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