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Monday, May 12, 2025 9:57:47 PM
I didn't say they were from a note.
I said:
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.
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.
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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