News Focus
News Focus
icon url

Backstabbed

09/28/20 2:22 PM

#68248 RE: Komrad #68247

$FLES - notes locked up for 2 years.
icon url

Justjoe1979

09/28/20 2:58 PM

#68249 RE: Komrad #68247

Retirement of all convertible debt and AS reduction to 15M shares.

https://www.newsfilecorp.com/release/63155

So they have ZERO convertible debt now.

They also filed the DEF 14C on the 22nd reducing the AS to a micro 15M shares!

https://www.sec.gov/Archives/edgar/data/1438901/000116169720000405/schedule_14c.htm

They then filed a REG A+ with the SEC to do a $15M capital raise selling shares direct to the public at $2-$3 a share minimum. We have at least 3 months before the SEC approves the offering. In the which time share price can soar with a low ~1M share float and absolutely ZERO chance of dilution or note conversions.

The offering allows them to raise the offering price at their discretion as well, so if the SP climbs much higher so will the offering price.

https://www.sec.gov/Archives/edgar/data/1438901/000116169720000408/form_1-a.htm

Plexus cybermedia agreement -

https://www.sec.gov/Archives/edgar/data/1438901/000116169720000408/ex_6-3.htm