Are you a shareholder?Yes he needed to do a 350:1 back then. He just got inmvolved and wasnt going to deal with the float in its then current condition. He inherited a pile of shit as he puts it. $7 mm in debt to boot from the former CEO.
After the RSS he held the O/S to 25 million shares for 5 years. In late 2019 they had a committment from an IB firm for a $5mm deal. They did a bridge for the Company with some Conv Note Funds in late 2019 which were supposed to be taken out 3 mos later with the $5 MM equity raise. Guess what happened in 2020? HMMM? The entire capital market system fell apart and the notes came due. They converted there was nothing the Company could do about it and 1.5 billion shares were issued.
He then put a touniquet on it by pulling the 10-K. Smart move IMHO then and now. Why? How many additional shares were issued as a result? 200 MM in 3 years since the intital conversions. In the process they created two very valuable JVs, $1.5 million in vinyl inventory at retail which will be sold in late March. The largest NFT minting platform out there. 500,000 Music NFTs minted. And an opportunity for shareholders with the many upcoming licenses which there are several. All with less than 200,000,000 in dilution. The company is worth $1.6 mm on paper. Oh and by the way he invested over $300,000 into the company in the past year and hasnt issued himself a share.
The 13-Gs are signs of confidence no matter how you want to spin it. One amendment show a substantial increas and the other showed not a single sale in the last year. Pretty damn good considering that there were several opportunities to scale out.
Make a choice. Sell it, take a shot or mum it up
At this valuation even the other 99% of the moronic OTC companies have a shot let alone what the genious brings to the table here. Yes he is a genious
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