We all know I am a frustrated never owner of this trash. 😆 Next week the March 3rd the amended and restated (rewritten) notes begin to become eligible. Hey, what did the company say on January 14th about convertible debt? According to your own posts chronicling the share count updates the company had an unrestricted count of 6,026,338,763 on January 15th. The current count is 6,632,949,763 so we have seen an additional 606,611,000 shares added since the company talked about settling all convertibles and reducing potential dilution just a couple of months ago? 🤭 With Wednesdays update we learned that they have dumped 375 million shares bringing the new managements six month total up to 3,618,632,653 shares. The power of the press release in the absence of a profitable business. Is that not awesome? These new European managers are some real tricksters. 😅
March 3rd they rewrote more than $1.2 million of convertible notes to convert without the reg A offering beginning next week. The FirstFire note is the first to become eligible on April 1st. There are notes in that group who have default dates the same as issuance dates which means that they are earning the 18% default interest. Its only more shares so why not. 🤭They amended all of those convertible note to be able to convert without the need of the reg A offering. Looks like the SEC is taking their time qualifying the offering. Bad news for Mexedia who's business turned into a serious cash burner the first half of 2024. Will the SEC really qualify that offering and give these scammers more than $4 million in new free trading shares of the common? Raadr (Doing Business as Telvantis) Poised for Growth: Acquisition, New Leadership, and 5-Year Plan to Transform Telecom Landscape Jan. 14, 2025 8:00 AM ET Source: Telvantis Inc. https://www.newmediawire.com/news/raadr-doing-business-as-telvantis-poised-for-growth-acquisition-new-leadership-and-5-year-plan-to-transform-telecom-landscape-7078942
Financial Restructuring Enhances Stability: Telvantis has made significant strides in optimizing its capital structure by successfully settling all its outstanding convertible debt. This step marks a decisive departure under the company's new leadership towards value creation for all shareholders. This achievement enhances the company's financial stability, reduces potential dilution, and positions Telvantis to pursue its strategic objectives with greater confidence.
Reg A offering circular Page 1 The amount of total proceeds received by us includes a total of $1,232,500 of principal amount of the Subject Convertible Notes, plus accrued interest through the date of their respective conversions.
https://www.sec.gov/Archives/edgar/data/1384365/000139390525000083/rdar_ex314.htm Page one as amended 1.1Conversion Right. The Holder shall have the right from time to time, and at any time during the period beginning on the earlier of (a) the day immediately following the SEC’s qualification of a Regulation A Offering under the Securities Act of 1933, as amended (the “Securities Act”), of the Borrower and (b) the date that is 180 days immediately following the Issue Date to convert all or any part of the outstanding and unpaid amount of this Note into fully paid and non-assessable shares of Common Stock,...
Page 2 The “Variable Conversion Price” shall mean 75% multiplied by the Market Price (as defined herein) (representing a discount rate of 25%). “Market Price” means the closing price for the Common Stock on the trading day immediately preceding the date of any conversion.
yet for reference upon the next SS update Authorized Shares 15,925,000,000 10/09/2024 Outstanding Shares 5,364,760,661 10/09/2024 Restricted 2,350,443,551 10/09/2024 Unrestricted 3,014,317,110 10/09/2024 Held at DTC 2,732,339,820 10/09/2024 Float 109,939,820 05/09/2024
Bearish
Everything that I post is just my informed opinion and is simply an invitation to debate. Trade on your own due diligence please..