This latest fiasco of deception really isn't anything new since these Mexedia managers took control of Raadr on October 8th 2024. Since around December you couldn't use the share structure updates on the OTC site as an indication of ongoing dilution. What these Mexedia managers did was write a slew of notes the first two months of their reign to heavily front load the dilution. The bulk of those notes notes had scheduled leak out provisions that ran at least until the beginning of May according to the specific language of a couple of those notes. Links and details for this in post # 44680 linked below. My favorite is the Boot Capital note written in November 2024 with leak out provisions. That was a $67K note settled for 450 million shares, a conversion price of only $0.00015 a share. These Mexedia managers added nearly 2.3 billion shares to the OS just un their first two months. Millions of dollars now to convert Jacob DiMartino's previous Raadr toxic debt has been successfully transferred to retail accounts. Bubae Tuesday, May 20, 2025 6:35:52 PM Post# 44680 of 49861 https://investorshub.advfn.com/boards/read_msg.aspx?message_id=176218571&txt2find=settled
The new Mexedia managers heavily front loaded the conversions shortly after they took control in October 2024. The notes they wrote had leak out conversions. A few are below. A list of all the notes in the original regulation A filing are linked below. It looks to me like the regulation A offering will wait until these conversions are sold out. Then they will likely split the stock to sell the offering or amend its price.
Page 31 of the PDF Settlement of Convertible Promissory Notes. During October and November 2024, we entered into settlement agreements with each holder of our then-outstanding convertible promissory notes, all of which had conversion rights at conversion prices averaging approximately 60% below market prices for our common stock. Pursuant to these agreements, we issued a total of 2,273,000,000 shares in payment of a total of approximately $1,053,817 of indebtedness, including default interest and penalties, represented by such convertible promissory notes. After completion of these settlements, we had no outstanding convertible instruments.
Bearish
Everything that I post is just my informed opinion and is simply an invitation to debate. Trade on your own due diligence please..