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Re: KnicksStockChamp post# 46595

Friday, 05/10/2024 9:02:54 AM

Friday, May 10, 2024 9:02:54 AM

Post# of 46774
That conversion also has attached to it a $525,000 payout to Rick and a $25,000 payout as expenses to the balance sheets when converted.

Rick - 8,750,000 shares x $3 per share x 2% dividend = $525,000

That's not exactly a healthy expense given the 8K/A prof forma consolidated financial statements showing $1.2m loss on only $7.3m revenue for 2023.