EBET Inc (EBET)

[CoinOp]

No they couldn't have because the maximum amount from the filings that they can have is 9.99% of the outstanding 1,496,466 is all they can have!, and this last filing shows that is all they got .

EBET Outstanding Shares =
14,979,642

and per filing the other day , well here this says it all:

1) Represents 1,496,466 shares of Common Stock issuable upon CP BF Lending, LLC’s election to convert debt having an aggregate principal and accrued interest value of $31,204,644 as of December 31, 2023. Pursuant to the terms of the note conversion option agreement between CP BF Lending LLC and the registrant, CP BF Lending, LLC has the option to convert the principal balance and accrued interest due under its credit documents with the registrant into shares of the registrant’s Common Stock at a conversion price of $0.116 per share (subject to adjustment for stock splits, stock dividends and other similar events), and is prohibited from converting into Common Stock to the extent that such conversion would result in the number of shares of Common Stock beneficially owned by it and its affiliates exceeding 9.99% of the total number of shares of Common Stock outstanding immediately after giving effect to the conversion, with 1,496,466 representing the maximum number of shares of Common Stock issuable to CP BF Lending LLC based on the foregoing restriction.

https://www.sec.gov/edgar/browse/?CIK=1829966&owner=exclude