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Bubae

12/05/21 7:41 PM

#39769 RE: MommaSaid #39730

Please explain how this wildly toxic debt with warrants gets refinanced into non-dilutive debt? Especially since the ARIA results only added a bit over 53K in net operating earnings over the Q2 number? You can't pay for much with that. This debt is so risky that LABRYS fund demanded interest up front, right to convert from date of signing with nice price protections, and 91,666,666 shares in warrants for the $550K note last May. I seriously doubt the $550K note gets rolled into new financing. They already rolled previous debt into that one note so that it can be more efficiently converted under one holder and it wasn't cheap. All debt here will be converted through new share issue which means trading losses to pay for it.