Business Warrior Corp (BZWR)

[bob4uall]

Good points to make because both companies show poor results so far, but it looks to me like Rhett is all in. The note is already a done deal and also connected "with the LOI and the Proposed Transaction". I doubt that after having received the $158,333 proceeds Rhett would now want to walk out on the proposal. Perhaps that connection in some way explains why it costs $67,857 to borrow $158,333. But I don't know what was gained by that $67,857 original issue discount amount.

On February 12, 2024, and in connection with the LOI and the Proposed Transaction, the Company (utilizing a portion of the proceeds from the issuance of the Notes) loaned funds to BZWR in the principal amount of $226,190, which includes an original issue discount equal to $67,857, netting BZWR proceeds $158,333.