Raadr Inc (RDAR)

[Bubae]

I had been saying that this reverse merger deal was good for Mexedia shareholders yet they sold the stock off in 2024 to a low of €1.10 the beginning of 2025. Now the stock has rapidly risen to €15.00 since the beginning of June. And it should considering that Mexedia now has access to capital through the Raadr Inc stock without any risk to their own Mexedai stock.

Mexedia created Telvantis as a holding company for their two subsidiaries under Raadr Inc and retained 75% ownership for their shareholders. Leading up to the reverse merger deal those two subsidiaries represented 91% of Mexedia business according to the first half 2024 Mexedia report. That business for 2024 turned into a serious disaster per this same report. YOY Revenue for the first half of 2024 was down 71%. Net profit down 434%, EBITDA negative.

Orlando Taddeo indirectly through the Heritage Ventures Ltd Fund controlled 77.66% of Mexedia at that time. The remaining share distribution was held 8% by employees with only 14.3% listed as “other investors”. So diluting their own stock to bail out their company wasn’t really an attractive option. Mexedia gave up of 25% ownership of their subsidiaries and provided zero additional capital for this reverse merger and obtained a proxy for badly needed working capital. By selling Raadr Inc shares operating as the holding company Telvantis, those subsidiaries go from being a serious cash burning operation to one that is providing a net positive cash flow for Mexedia through the future injection of funds from Raadr stock sales.

So now the working capital lifeline is the Raadr stock sales. That is the good news that has propelled the Mexedia stock now that the scheme to offload the millions of Raadr debt is nearly complete and the company can now turn their attention to selling the Reg A offering for the badly needed funding. The recently promoted letter of intent to acquire was also promoted to their shareholders. The good news for them is that Raadr stock is to be diluted for the funding, not the Mexedia stock. The Raadr Inc stock will be split to make the reg A offering viable, not the Mexedia stock. These Mexedia managers awarded themselves $1,050,000 in performance bonuses shortly after taking control of Raadr in October. Those November notes can convert with or without the reg A at a 25% discount to market. More good news for Mexedia shareholders who would have never been able to pay those bonuses out. But you all will! 😆

Bubae
Wednesday, July 16, 2025 7:33:34 PM
Post# 46563 of 46651
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=176447787

They state in the 2024 annual with regard to their thin margins that "...we will be required to obtain significant additional capital, including in this offering..." They are as likely to cancel the reg A offering as they are to cancel the $1,050,000 (principle amount) in performance bonus notes that these Mexedia managers wrote themselves last November shortly after taking control. Those notes convert at a 25% discount to market and were rewritten in February to include a 180 day vesting period for eligibility.

MEXEDIA S.P.A
https://live.euronext.com/en/product/equities/it0005450819-alxp

Mexedia S.p.A first half 2024 report
https://mexedia.com/en/financial-statements-and-reports/

Page 11
The first half of 2024 was marked by a significant contraction in revenue compared to the same period of the previous year...

the Mexedia Group generated consolidated revenue of EUR 38.695 million. Consolidated revenue is attributed as follows: 47% to U.S.-based subsidiary Mexedia Inc., 44% to Irish-based subsidiary Mexedia DAC, 7% to the parent company Mexedia S.p.A. SB, and the remaining portion to Baasbox S.r.l. The recorded EBITDA is negative, amounting to EUR -816 thousand.

Page 13
Significant events occurring after 30 June 2024
At the Board of Directors meeting on September 24, 2024, management approved an operation referred to as “Raadr.” This operation involves the carve-out of the Group entities focused on the voice business, Mexedia Inc. and Mexedia DAC, through a share exchange sale process between Mexedia S.p.A. and the company Raadr.

Page 26
The Parent Company Mexedia S.p.A. SB is also de facto controlled by Orlando Taddeo indirectly through the Heritage Ventures Ltd Fund, a fund under Irish law held 100% by the latter and 5.2% directly; as of 7 July 2023, the Fund held 4,426,620 shares equal to 77.66% of the share capital of Mexedia S.p.A. SB.