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Re: Sheepdog post# 55058

Monday, 05/12/2025 9:57:47 PM

Monday, May 12, 2025 9:57:47 PM

Post# of 55303
I didn't say they were from a note.

I said:

He can issue the common shares to himself at par value (or at least it was supposed to be at par value) or a predetermined price.



You repeated what I said but didn't explain to me why they have to convert to "market value." Which is what you told me they should have done.

It was a conversion of debt to equity. It is supposed to be at market value. Market value at the time was .001

It is a coincidence that .001 is also the par value.



The only reason why I brought up toxic notes is because they can/do convert based off of market value. It was just an example.

He isn't converting anything. He simply just wrote a check to himself. Hence, share selling scheme.
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