Replies to post #11825 on Unique Logistics International Inc (UNQL)

[Peter Penny]

Yes I’m aware those are predatory terms but the lender isn’t predatory. Got a favor from a friend. I don’t think that friend who basically just made this dude a millionaire would turn on him and tank the stock to outrageous levels. Dilutor went to MM and said hey I have a bunch of shares to sell, let’s take it down to the gap at 115 and you can soak up my shares and shares from panic retail. Then we can run it up again cause I have more shares to sell and you the Mm will be loaded for higher prices. This is how it works. How it’s always worked and how it always will work.

Gotta learn and play the game otherwise you WILL sell bottom and the MMs will take your money straight to the synagogue lol

[LJ-Bodhi]

Respectfully, may I clear up some confusion. This was not a $64k note. It was $1,111,000. Public filings confirm no default as any was continued to July '21.

It is the note holders option to say goodbye to their original $1 million loan/investment to the company and pay the company an additional $65k to get those 35 million shares. There were protection built into the note on the max percentage of OS that could be converted. The investor took risk on potential share buyback, poor company performance, etc. They decided now was a good time to convert and get the shares. They now want the price to go up as much as the rest of us.

The terms of these 2 convertible note deals were fair and the company got working capital it needed to grow business and (in my opinion) hopefully create a deal to absorb Hong Kong and India by end of May per the original purchase agreement.

These things have many layers and DD is key. Hope this helps you out.

[LJ-Bodhi]

The long play here was riding down from 30 cents to a penny. Sad that some never figured it out yet still tout UNQL as a great investment.