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Sprycel

04/20/20 8:03 PM

#36335 RE: Sprincenatu #36333

Make believe numbers and the make believe world has been going on since October 2019! Everything is in the 10K for you to review. The numbers are there. I will let you know what is real and what is fantasy numbers. JMHO
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Sheepdog

04/21/20 12:09 AM

#36340 RE: Sprincenatu #36333

Unfortunately, GCAN has decided to omit all references to this fiasco in their long list of little blue reference links at the bottom of the recent 10-K. We have to go back to the S-1A to find the references.

The reference I am referencing to involves the FREE $675K note/share sale with 2% interest and a 33% discount (75% of market) detailed $675K times 1.33333 (or divided by the 75% conversion rate) is $900K and the 2% interest makes it $918K.

https://www.sec.gov/Archives/edgar/data/1695473/000149315219015857/ex10-9.htm

The omission of this all important reference got me when I said the note was over a year old and matured. NOT SO. The note only 6 months old and EMET has ZERO rights of conversion for another 6 months.