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Sunday, June 08, 2025 12:53:14 PM
Respectfully correcting the record with facts — no spin, just filings.
Claim by Bubae Fact Check / Rebuttal
The Reg A was “stripped down” from $4.5M at $0.003/share to $1.5M ✅ True — reduced to $1.5M at $0.001/share to meet qualification. See OTC Markets & SEC Circular 4/10/25
$1.2M+ in notes were carved out to convert at 25% discount ✅ Correct. The amended notes allow for market-based conversion, not fixed dilution at $0.001. This can actually limit pressure on the offering price
Bonuses weren’t performance-based ❌ False. Per SEC filing (pg. 44–45), bonuses are labeled as “performance bonus” and “bonus for Mexedia DAC debt restructuring.” These were not arbitrary gifts
They’re not in the 10-Q or Annual ✅ Correct — only disclosed in Reg A circular. Not ideal, but common practice when notes are internal and tied to Reg A documentation
“Investor-friendly” dilution avoidance is nonsense ❌ Opinion. Stripping notes from Reg A protects the fixed raise from large redemptions — a move often welcomed by long-term holders
Conclusion:
Everything cited is in the filings. And whether you're pro or cautious on $RDAR, the structure here is strategic, not shady. The notes are performance-tied, dilution is not being dumped at floor, and management has filed it all transparently in the circular.
IMHO
GLTA
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