Dalrada Financial Corp (DFCO)

[XenaLives]

BONAR's got lots of tricks up his sleeve...

Company reduces authorized shares and satisfies debt, cleaning up capitalization to lay the groundwork for anticipated growth and future success.

SAN DIEGO, CA / ACCESSWIRE / March 14, 2024 / Dalrada Financial Corporation (OTCQB:DFCO), ("Dalrada," "the Company"), announced today that it had filed a Form 8-K with the U.S. Securities and Exchange Commission (SEC), highlighting the Company's decision to reduce its number of authorized common shares from 1 billion to 500 million.


The share reduction announcement comes just weeks after Dalrada filed another 8-K in which CEO and Founder, Brian Bonar, addressed shareholders about the major events of the past year, setting up the Company's ambitious goals for 2024 and beyond-particularly within the climate technology and healthcare sectors.

"I'm pleased to say that we've been able to form a solid foundation for Dalrada's progress and future success," according to Bonar. "Our intention is to expand upon our company wins in multiple business markets and keep that momentum going," he added.

In addition to the overall share reduction, the Company successfully converted a total of approximately $34 million in related party debt to preferred stock during fiscal year ending 2023.

Dalrada's authorized common share reduction and debt conversion to preferred stock show the Company's commitment to improving value for every shareholder while signaling the strength of its subsidiaries and core product offerings.

https://www.accesswire.com/842862/dalrada-corporation-announces-authorized-share-reduction-highlighting-huge-growth-potential-in-8-k-filing

COMPARE THE ABOVE WITH THIS HISTORY:

The most disturbing parts of the recent STTN filings:

#1) Brian Bonar paying himself $1,554,757.93 in shares for a $218,979 balance that was owed to him then writing off the payment in the books as a $218,979 stock expense.

#2) Brian Bonar issuing himself and his son a $500,000 debt Note for a group of revoked business entities.

#3) The $5,127,619 in accounts payable accrued during the 3rd quarter alone. Who is all that money owed to?

#4) STTN went from a positive balance sheet at the end of the 1st quarter to a failing business whose revenues cost more than what they make.

#5) The past connections and histories of the main players involved in STTN.

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