Raadr Inc (RDAR)

[Bubae]

The December 02, 2024 press release is another example of new management deception. the $150K Tri-Bridge Ventures convertible note that converts at 50% discount to lowest bid price in the preceding 25 days has been on the books and is still outstanding according to the Q3 released on January 15th 2025. The new CFO stated that "Moving forward, all new financing will be derived from equity or instruments with fixed-price features..." If you look at the chart below we see that just three days after the press release they write the first of three notes in December with a variable rate feature, a 25% discount to the price of the regulation A offering. You can bet the eventual amended offering price will be at a steep discount to market, then add another 25%. Yeah, you should hang on every word the new management issues in a press release. 🙄


Raadr (Doing Business as Telvantis) Settles All Outstanding Convertible Debt
December 02, 2024 08:00 ET
https://www.globenewswire.com/news-release/2024/12/02/2989742/0/en/Raadr-Doing-Business-as-Telvantis-Settles-All-Outstanding-Convertible-Debt.html#:~:text=Follow,in%20its%20executed%20Merger%20Agreement.

Raadr, Inc. now doing business as Telvantis (OTC PINK: RDAR) ("Telvantis" or the "Company") is pleased to announce that it has successfully settled all outstanding convertible debt as per the terms outlined in its executed Merger Agreement.

...said Daniel Gilcher, CFO of Telvantis. "Moving forward, all new financing will be derived from equity or instruments with fixed-price features, eliminating the need for floorless convertible securities and enhancing shareholder value.


For the period ending September 30, 2024
https://www.otcmarkets.com/otcapi/company/financial-report/420298/content

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