400 million shares, 200 coming in the first 30 minutes Monday and the price couldn't hold. So if it isn't dilution then retail isn't supporting the current narrative by a wide margin. The current debt that is eligible to convert is huge despite the nearly 1 billion new shares for Q3 and Q4. The line items below are from the Q3 filing and there has been little dilution since. This isn't the only debt eligible to convert. Leonite took $400K in class "B" preferred shares in the debt restructuring of 2020 and that is currently eligible to convert. That December 2020 8K details all the separate deals in 30 documents describing the debt that has been converting and will continue to. they will need to burn a lot of shares trading in the trips to pay off much debt.
The Leons are owed over $2.5 million according to Q3 filing. This doesn't include the 100 million shares assigned to the son by the mother for $25K or .00025 a share. Q1 would be a good time to unload those shares if they intent to reverse split. The share sales wouldn't be revealed for a couple of months with the Q1 filing and it wouldn't be counted as an increase on the outstanding share count on the OTC site.
What I post here ins't all inclusive of what could be out there. It is just from my reading notes. None of this included the warrant obligations. Some of what converted in Q3 and Q4 2021 were warrant conversions.
For the quarterly period ended September 30, 2021 https://sec.report/Document/0001721868-21-000835/ Authorized and outstanding The Company has authorized 10,000,000,000 shares with a par value of $0.01 per share. The company has issued and outstanding 3,111,047,811 and 2,027,085,665 shares of common stock at September 30, 2021 and December 31, 2020, respectively.
Leonite Capital, LLC----On Demand---- $535,866
Auctus Fund, LLC---- On Demand---- $100,000
Labrys Fund, LP ---- November 30th-----$63,200
See note below----- May 7, 2022---- $550,000-
See note below----- June 2, 2022----$230,000
Ed Blasiak----Sept. 14, 2021----$55,000
Series N convertible notes----On demand---- $3,229,000
19. Stockholder’s deficit (continued)
d) Warrants (continued) ...All of the warrants outstanding at September 30, 2021 are vested. The warrants outstanding at September 30, 2021 have an intrinsic value of $1,984,035.
18. Related party transactions Shawn E. Leon As of September 30, 2021 and December 31, 2020 the Company had a payable to Shawn Leon of $121,797 and $322,744, respectively. Mr. Leon is a director and CEO of the Company. The balances payable are non-interest bearing and has no fixed repayment terms.
Management fees from prior periods due to Mr. Leon amounting to $259,175, related to Mr. Leon and reflected as a payable to Mr. Leon were reversed during the current period Due to the current financial position of the Group, Mr. Leon forfeited the management fees due to him for the three and nine months ended September 30, 2021 and for the year ended December 31, 2020.
Leon Developments, Ltd. As of September 30, 2021 and December 31, 2020, the Company owed Leon Developments, Ltd. $929,369 and $930,307, respectively, for funds advanced to the Company.
Eileen Greene As of September 30, 2021 and December 31, 2020, the Company owed Eileen Greene, the spouse of our CEO, Shawn Leon, $1,490,507 and $1,558,798, respectively. The amount owing to Ms. Greene is non-interest bearing and has no fixed repayment terms.
"On June 1, 2020, the Company issued 100,000,000 shares to Ethan Leon, the son of our CEO in settlement of $25,000 of advances made to the Company by Eileen Greene and assigned to Ethan Leon,"
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