Raadr Inc (RDAR)

[Bubae]

I would refer you to page 17 of the last offering circular filed April 15, 2025. They can use the reg A for anything they like. The $1.8 million original deal to buy out Janbella was absurd to begin with. That Janbella ownership was a result of a defaulted note that had a $112K principle. This is a ridiculous story of Mexedia taking on millions of dollars of Raadr Inc debt to convert when they could have quite simply found a clean OTC shell for a target of this reverse merger. At this point Mexedia looks to be beyond stupid.

Regulation A offering circular filed April 15, 2025
https://www.sec.gov/Archives/edgar/data/1384365/000113902025000061/rdar_253g1.htm
Page 17 Use of Proceeds

We reserve the right to change the foregoing use of proceeds, should our management believe it to be in the best interest of our company. The allocations of the proceeds of this offering presented above constitute the current estimates of our management and are based on our current plans, assumptions made with respect to our business, general economic conditions and our future revenue and expenditure estimates.

Investors are cautioned that expenditures may vary substantially from the estimates presented above. Investors must rely on the judgment of our management, who will have broad discretion regarding the application of the proceeds of this offering. The amounts and timing of our actual expenditures will depend upon numerous factors, including market conditions, cash generated by our operations (if any), business developments and the rate of our growth. We may find it necessary or advisable to use portions of the proceeds of this offering for other purposes.

Bubae
Sunday, January 19, 2025 12:59:08 AM
Post# 39547 of 46565

I have looked into that a bit. Looks fishy to me. 😆 Jacob DiMartino, previous Raadr Chief Executive Officer, apparently put up the series E preferred shares as a guaranty for the $112,500 November 2022 Janbella note. Janbella acquired the shares as a result of default on the note. Those series E preferred shares represent 66.67% voting control. Giving up this control will be paid out with the redemption note in the regulation A offering.