Replies to post #24979 on Unique Logistics International Inc (UNQL)

[LJ-Bodhi]

Ummmmm, it went up from 655m to 687m on April 5, 2022, when Trillium converted 32m new common shares from just 5 new Series D preferred shares.

The $3.8m debt certainly wasn't "settled". The company kept the money and then gave Trillium and 3a Capital over 1 billion shares each in equity. See, all this selling the past month is Trillium liquidating those 32m converted shares. Let's say they average 2 cents when they are done selling. That's $640k in their pocket. And that was for just 5 preferred shares converted. They have 187 more left.

Oh, and UNQL STILL owes Trillium another $1 million plus interest on a different $1 million non-convertible loan from March 2021. Currently due end of September 2022.