Well this explains the pumping .....
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Item 8.01 Other Events.
On August 6, 2024, the Registrant entered into an investor relations consulting agreement with MZHCI, LLC (“MZ”). The Registrant agreed to pay MZHCI a monthly cash fee of $7,000 pre-uplist and $10,000 post uplist to a major U.S. exchange, such as NASDAQ or the New York Stock Exchange. The initial term of the consulting agreement is six months. The Registrant also agreed to issue MZHCI an option to purchase 3,000,000 shares of the Registrant’s common stock. The Options will vest as follows: 1,000,000 options vested October 10, 2024, the date of grant, 1,000,000 Options will vest on August 6, 2025 and 1,000,000 Options will vest on February 6, 2026. Any unvested options will forfeit upon termination of the agreement. The exercise price of the Options will be $0.08 USD per share. The Options will expire five (5) years from the issuance date. If the consulting agreement is terminated, the Options will expire two (2) years from termination of the Agreement. Any underlying shares from the exercise of Options will not be publicly sold before August 1, 2025.
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Prep for reverse split and more dilution. Situations like this most of the time ... if it happens ..... results in a nice buzzcut for existing investors at RS/Raise. And usually involves bottom of the barrel IB.
Amigo Mike
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