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Re: NoMoDo post# 121076

Monday, 01/15/2024 9:48:33 PM

Monday, January 15, 2024 9:48:33 PM

Post# of 122452
What I'm saying, NoMoDo, is that the first public disclosure of the series B was in the annual report filed April 14, 2021, even though the series B were apparently created late in the previous year. There were 972 million shares outstanding after the reverse split and 5.52 billion equivalent shares were introduced with those series B. That's 85% of the company which was then owned by the series B. Retail investors first found out about that 85% haircut on April 14, 21.

I'm surprised you're taking such a strong stance to defend Foote rather than being at least a little upset over the haircut.

If I sold you a house and you bought it at full market price, then after the sale I informed you that you only really owned 15% of that house and that my family would own 85% of the house and would occupy 85% of the house, would you be understanding because you feel my family probably deserved the 85%?
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