Tuesday, April 15, 2025 12:39:16 PM
A 100% variable liability convertible debenture was totally removed from the financials for a Settlement of approx a fixed 30% of the liability . No risk liability.
That is a “gain on extinguishment of debt. ” That is a gain for shareholders dude.
Huge difference between variable and fixed. Fixed with 70% gain on extinguishment is brilliant. That means pps can be $0.50 but shares allocated are fixed. convertible debenture deep discount, interest and derivative liability . High risk and why OTC has historically used them and never will again.
This is why the SEC says to Ignore opinions and bashers.
The tranches are clarified in Update , as filing accounts for financial settlement in totality. The tranches are also to the benefit of shareholders.
DBMM way to go !
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