Replies to post #24928 on Unique Logistics International Inc (UNQL)

[powerbattles]

AGAIN LET'S STICK WITH THE FACT NOT BASED ON YOUR FAKE ASSUMPTIONS THAT CERTAIN NOT HAPPEN.
You do not understand how the preferred work. Series A, C and D is required to be accounted for separately from the preferred stock as a derivative liability. Basically is a debt instrument for which there is a commitment to hold the investment until its maturity date. Preferred Convertible Stock Series A existed but was immaterial as of May 31, 2021. Don't ever bring it up again as potential dilute.

On December 10, 2021, they exchange agreement with the holders of convertible notes to exchange all Convertible Notes of the Company into shares of the newly created Convertible Preferred Stock Series C and D. This is similar to the existing Convertible Preferred Stock Series A, these preferred stocks featured anti-dilution provision that expire on a certain date.
Anti-dilution is a provision in certain securities and options that protects an investor from dilution.

I hope now you understand how the preferred shares Preferred Stock Series A, Series C, and D work. It's not like you think. Therefore your math are worthless as they not actual exist, not valid as reality.

Only Ray has converted Series B preferred shares to date. He immediately converted 30k for 197m common shares upon UNQL going public, and then another 19,200 last August, 2021 for 125m more common shares. That is why he now owns 322m common shares. 49,200 preferred shares times 6,547 equals 322 million. Understand how that works?

Again that is Wrong! I don't understand why you have to misrepresentation. You post only half right.
Form SC 13D/A filed 03/08/2022 this one is the latest recent files released
Ray own 466,305,246 It's in black and white. Understand how that works?
22,030 shares Series B Preferred stock. convertible into 144,218,922 shares of Common Stock. Your calculate is right but you leave out 144M recent files announced. Ray shares are restricted! If you do the math the float now is less than before. Understand how that works? LMAO:)))
https://www.otcmarkets.com/filing/html?id=15640459&guid=KtqwkpqXejruQOh

The proposed reverse split was in a range of 300-400 current shares to get 1 new share. Let's use 400. That means the 687m current OS become 1.7m Outstanding Shares after the split. Next, 800m AS should drop to 2m new AS after the split, since you divide by 400.

That is the biggest misleading to the shareholder here. Virtually ALL Companies out there only do r/s on the o/s they normal keep the a/s unchanged. In this case company's willing to reduce the amount a/s only 250M that is a damn good on my book.

"There is a limit, a cap, a max of 800m Authorized Shares. Yes, Let's stick with the fact and if they announce the a/s change then we deal with that amount.