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Re: Thehustle post# 21086

Wednesday, 04/10/2024 3:22:46 PM

Wednesday, April 10, 2024 3:22:46 PM

Post# of 21250
According to the annual report, sadly dilution is not finished, it is ongoing and they disclosed their intend to dilute more in the future as their only means of funding operations.

There is a chart showing how many hundreds of thousands of shares their lender has already converted, along with the dates. Since they cannot own more than 4.99% at a time, we now know 100% that lender is the entity repeatedly converting, dumping on the market, reloading, rinse and repeat.

Additionally the company disclosed it is still actively marketing shares under the current shelf registration and may need to reduce the offer price further to generate interest. They are currently priced way above the OTC market price.

All can be verified in the 10K they just filed:

https://www.otcmarkets.com/filing/html?id=17441285&guid=6zQ-kWTpsQmSJth
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