The problem is that he isn't able to print new shares right now with the current narrative. I doubt that they can match the volume of the 4 day PR campaign that started February 28th that sold another 150 million new shares. Sort of a fool me once situation.
That $150K raised didn't appear to apply toward the debt payments described in the March 1st press release. It was needed to pay for a conversion notice on a separate note held by Leonite earning 12% interest. The balance on that note is now $173K according to the Q1 22 filing. We are right at 100 days since the debt press release of March 1st and not a single word about it.
On February 28, 2022, in terms of a conversion notice, Leonite converted the principal sum of $149,250 of the Leonite Note into 150,000,000 shares of common stock at a conversion price of $0.0010 per share.
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