Yes, Brent did say he had plans not to dilute, but he is no longer in charge. James Wang is in the driver's seat again. For those who don't know, he's the one who sold the convertible notes to Asher, KBM and Magna. He's the CEO who brought the 1:10,000 RS, he's the one that won't reduce the AS and will repeat it all over again.
There won't be a merger, STOA needs financing which is repeated several times in the 10Q. The company's position has worsened and I can't wait to see why they moved the KBM note on the books under payable. I'm guessing that creative accounting was "hide" the remainder of that note to make it easier to obtain more toxic financing.
The reason I brought up Brent's suspension over 20 years ago was to show where he was at the time which was in the good old USA. Both Brent and James have spent their working lives in the USA yet they are selling g a story STOA needs to merge with an American company for exposure. This has scam and deceit written all over it.
Sure STOA could run hard, it has a beautiful share structure, but with James back in charge, who knows what's in store given his history? Today's filing had a major slip up that revealed James and Brent's relationship. They obviously both love eating lamb, and a lot of it.
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