Replies to post #907 on Digital Asset Monetary Network Inc. (DATI)

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The initial DATI press release on the Fundanna investment:

https://www.otcmarkets.com/stock/DATI/news/Digital-Arts-Media-Network-Inc-Purchases-An-Equity-Stake-in-Cannabis-Crowd-Funding-Company-Fundanna-Inc?id=168017

and from the Annual Report:

https://backend.otcmarkets.com/otcapi/company/financial-report/190929/content

17. During August 2017, the Company agreed to issue 35,000 shares of the Company’s restricted common stock to Fundanna, Inc. as part of the 5% acquisition made by the Company in Fundanna, Inc. The payment was a combination of stock and cash. The restricted common shares were issued in ‘book entry’ to the benefit of Fundanna, Inc.

from the Statement of Stockholders Equity


Equity swap acquisition 35,000 35 91,646 91,681


and


NOTE 4 – INVESTMENT IN STARTUPS As of December 31, 2017, the Company had $242,644 investments to private start-ups and other developing companies, of which, approximately $145,065 relates to a private business development company – managed by the Company’s Chief Executive Officer. The following table sets forth start-ups the Company hold investments in as of December 31, 2017. Invested company As of December 31, 2017 Pure Hospitality Solutions, Inc. $ 145,065 Fundanna, Inc 70,000 Openvision Networks, Inc 24,700 VEZT, Inc 1,450 Others 1,429 Total $ 242,644


So in the Annual Report DATI states that it issued 35,000 DATI shares, values them at $91,681 on the Statement of Stockholders Equity and $70,000 in the Balance sheet

just caught DATI making false statements in their Annual Report

Scam company DATI issues BONEHEAD Press Release


Bragging that it repurchased DATI common shares from a related party at $1.00/share when the market price was about $0.60/share

Even worse, the cash used to repurchase those DATI common shares was obtained by issuing debt convertible at $0.35/share

go figure

what is wrong with this picture?





Digital Asset Monetary Network Repurchases Common Stock at $1.00 per Share

https://www.otcmarkets.com/stock/DATI/news/Digital-Asset-Monetary-Network-Repurchases-Common-Stock-at-100-per-Share?id=204815