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Re: Xman1959 post# 96844

Tuesday, 01/30/2024 9:08:50 AM

Tuesday, January 30, 2024 9:08:50 AM

Post# of 98531
There is more to that 8K:
As part of this mutually beneficial agreement, the noteholder received 300,000,000 shares of common stock in exchange for forgiving the outstanding debt. This equates to an approximate value of $0.0025 per share, considering both the cash amount and the accrued interest that the company had owed.

Furthermore, as an additional component of the agreement, the noteholder has agreed to release its reserve of shares. This action will enable the Company to significantly reduce its number of authorized common shares by approximately 40%, leading to a more streamlined and efficient capital structure.
So, the question is, WHAT reserve of shares? The value of the 300M shares is $750K. Does the noteholder have OTHER shares already? Inquiring minds want to know.
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