Replies to post #3805 on Ozop Energy Solutions Inc (OZSC)

[Stock_Gambit]

This is very likely. Thanks for the math.

[BullishGuru]

Just to clarify..

the reduction of debt by $1 million by the pubco was an assignment given to the previous CFO to reduce the debt via negotiation with lenders, as in "reduce your debt by X or you loose this great deal, leaving your debt worthless as we file chapter 11". It has nothing to do with conversions, but a negotiation tool, which with the right motivation (the LoI) can be quite successful. The ex CFO has a financial reward for being successful as well (and it's "best efforts" btw)

We know what the numbers are and multiple $1,600 conversions every three days isn't being deducted from that million. The market isn't our tool to reduce the debt, our actions in the next few weeks will address this. It's day 2. Trade wisely. The debt is in the filings. Small ones are just taking their opportunity to trade out, I can't stop that atm, but it's a work in progress. The lenders will rather our offer than watch the market dry up or risk the deal.

[CEOA1US]

You're only partially right. Under the convertible note, the noteholders are not allowed to exceed 4.99% shareholdings. The note may have anti shorting language, but these guys use a different entity to do that. So with four or five different entities holding shares you are going to see a lot of selling because they know that they are going to get shares at 8% of the lowest traded price in the previous 10 days. The company still will have to settle the 600K debt it owes. So since the company did the reverse they have already almost tripled their shares. Since OZOP takes the maximum amount of time to file its 8Ks you'll see one eventually with more share issuances,