![](https://investorshub.advfn.com/uicon/688027.png?cb=1654138383)
Tuesday, May 21, 2024 6:52:02 PM
And they couldn’t say that yet in the filing, so they had to word it the way they did. And yeah, the Dryworld Global thing kind of gives it away like you mentioned.
And they issued exactly 105,940,429 shares on April 12 at $0.01 for cash and services according to the filing. Talk about an odd number.
And who would even pay them $0.01 at this point (or early April for that matter) for over 105 million shares? And why for that “exact” number of 105,940,429 shares? Looks like a “conversion” to me, being a weird number of shares like that. Based on all of that, logic seems to be it’s a conversion, i.e. the Reg S.
Time will tell, so we’ll just have to see how it plays out.
Others who are providing capital are getting shares for $0.005 range. Not for $0.01. The convertible debt is getting a conversion rate of $0.005. Who the hell is going to give them over a million dollars at $0.01 (105+ million shares), when the conversion rate for debt has been at $0.005.
Cannabix Technologies and Omega Laboratories Inc. Provide Positive Developments on Marijuana Breathalyzer Testing • BLO • Jul 11, 2024 8:21 AM
ECGI Holdings Enhances Board with Artificial Intelligence (AI) Expert Ahead of Allon Apparel Launch • ECGI • Jul 10, 2024 8:30 AM
Avant Technologies to Meet Unmet Needs in AI Industry While Addressing Sustainability Concerns • AVAI • Jul 10, 2024 8:00 AM
Panther Minerals Inc. Launches Investor Connect AI Chatbot for Enhanced Investor Engagement and Lead Generation • PURR • Jul 9, 2024 9:00 AM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM