Replies to post #49464 on Resonate Blends Inc (KOAN)

[mdimport]

$TXHD has an issue with its collapsing book value, which I believe is negative at present based on the various 8-K's, 10-Q's, and other SEC filings.

The company appears to now have been fed a fresh cash infusion with $400,000 using Preferred D and the Form D financing. My suspicion is $800,000+ cash on the liabilities to secure $400,000 actual dollars on the assets. Time will tell.

With respect to sales, one could have asked for cash, or a share settlement that would have had additional share top-ups based on the cash value of settlement (basically ensure $250,000 cash and walk away).

The break even for 475,000 shares as far as I can tell on $25,000 (assuming $TXHD paid all the legal) is $0.0526 / share.