Accredited Solutions Inc (ASII)

[Bubae]

Have to agree with you there urge. The set-up here is terrible. They filed a regulation A offering on September 9th priced at $0.30, SEC qualified it on September 24th, they then increased the authorized in October from 2.5 billion to 5 billion. I see a SCHEDULE 13G filed January 28th reporting ownership of more than 8.72% at 252,100,840 shares so I have to wonder if they would like to clear some existing conversions prior to a potential split and the selling of the reg A. The Q3 filing shows that there were 2,653,493,596 as of December 04, 2024, so 561,961,625 shares added since. They also wrote a bunch of new notes beginning last August. Very messy.



Period Ending 09/30/24
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001464865/000147793224007846/asii_10q.htm

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As of December 04, 2024, there were 2,653,493,596 shares of common stock, par value $0.001 per share issued, issuable and outstanding.


On August 9, 2024, the Company entered into a securities purchase agreement (the “Metrospaces”) with Metrospaces, Inc....
...The Metrospaces Note matures on December 31, 2024. As of September 30, 2024 and December 31, 2023, the balance owed was $27,500 and $0 and accrued interest was $392 and $0, respectively...

On August 14, 2024, the Company entered into a securities purchase agreement (the “AES Capital SPA”) with AES Capital Management, LLC,...
... As of September 30, 2024 and December 31, 2023, the balance owed was $12,000 and $0 and accrued interest was $124 and $0, respectively...

On August 16, 2024, the Company entered into a securities purchase agreement (the “Metrospaces”) with Metrospaces, Inc.,...
...The Metrospaces Note matures on December 31, 2024. As of September 30, 2024 and December 31, 2023, the balance owed was $52,250 and $0 and accrued interest was $644 and $0, respectively....

On August 29, 2024, the Company entered into a securities purchase agreement (the “Apollo SPA”) with Apollo Management Group, Inc...
.... As of September 30, 2024 and December 31, 2023, the balance owed was $60,000 and $0 and accrued interest was $631 and $0, respectively...

On August 29, 2024, the Company entered into a convertible promissory note with JanBella Group, LLC....
...As of September 30, 2024 and December 31, 2023, the balance owed was $42,000 and $0 and accrued interest was $295 and $0, respectively....

On September 9, 2024, the Company entered into a securities purchase agreement (the “Apollo SPA”) with Apollo Management Group, Inc.,...
...As of September 30, 2024 and December 31, 2023, the balance owed was $22,000 and $0 and accrued interest was $152 and $0, respectively...

On September 10, 2024, the Company entered into a convertible promissory note with JanBella Group, LLC....
...As of September 30, 2024 and December 31, 2023, the balance owed was $18,000 and $0 and accrued interest was $79 and $0, respectively...

On October 29, 2024, the Company entered into a convertible promissory note with JanBella Group, LLC. in the principal amount of $72,000. The note has an 8% interest rate and matures on August 29, 2025. The note was funded by the Investor on October 29, 2024, and on such date pursuant to the securities purchase agreement, the Company reimbursed the Investor for expenses for legal fees and due diligence of $12,000. The conversion price is 50% of the closing market price of the trading day immediately preceding the date of conversion....

On December 3, 2024, the Company entered into a convertible promissory note with Apollo Management Group, Inc. in the principal amount of $38,500. The note has an 12% interest rate and matures on December 3, 2025. The note was funded by the Investor on December 3, 2024, and on such date pursuant to the securities purchase agreement, the Company reimbursed the Investor for expenses for legal fees and due diligence of $3,500. The conversion price is 60% of the closing market price of the during the previous 30 trading days immediately preceding the date of conversion.