Tekumo Inc (TKMO)

[varok]

Good Morning

The release of the end of year financial appears on the surface as positive and the announcement of the settlement of $400k is extremely positive. However! The settlement just brings on another new or additional note and it just takes out an old or part of an old note into a new and current note. Trillian is the one to watch on this as Trillian is a financial lending arm to TKMO. In other words, 'it's all in the family'. Not a very positive, but a necessary evil. This is toxic and the company within the said industry (tech), requires extensive capital.

The company has now : Under the terms of the 3(a)(10) Settlement, $1,868,114 of these Convertible Notes may convert into unrestricted shares of common stock at a price equal of the lowest trading price during the thirty (30) trading day period prior to any conversion, subject to a 9.99% limitation on beneficial ownership of Trillium at the time of such conversion."

The above amounts to additional share converted around 2b for 2024 going forward.

Take your profits on this run.

Also new contracts will be coming shortly, but with a cost (dilution).

Have a good day
varok