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CrashOverride

10/18/22 5:18 PM

#522914 RE: Flexroy #522910

Only 885,155 Preferred C shares are outstanding out of 100,000,000. If they only needed cash they could have sold a few more. This large shelf, combined with existing C shares that are avaliable, suggests to me we will see a partnership.
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skitahoe

10/18/22 5:30 PM

#522923 RE: Flexroy #522910

I believe they've given themselves a great deal of financial flexibility. I would hope that they don't act on a significant part of this prior to many things being divulged and the Annual Meeting authorizing additional shares. I hope this filing portends the Journal coming shortly, followed by the Annual Meeting. I would hope that we're looking at a $5 or greater share price before they act on this in any substantial way.

Gary
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exwannabe

10/18/22 6:09 PM

#522957 RE: Flexroy #522910

One note on the S3.

We now know as a fact that C's can be converted regardless of the authorized share limit.