Replies to post #8408 on HeadsUp Entertainment International Inc (HDUP)

[grantastic]

Canadian shareholders can sell if they apply for a variance to the CTO. It has happened a half dozen times already for HDUP.

The variance is required to prevent insiders like Kellner from pumping and dumping.

[solong]

$HDUP, I am so happy that we have a genius among us...on a "low" horse. So yes, you can put them up as collateral, but you CAN NOT TRANSFER THEM, the MM won't allow that.

So what does that mean? It means that anyone lending money against those shares is probably pretty confident that if the loan is not repaid, that the shares will be tradeable (OFF the CTO) and they will be able to cash them in.

I'd suggest that the party lending money knows the collateral will have value. If the CTO isn't lifted then their collateral is worth ZERO.

[solong]

$HDUP - so it was taken from the filing on https://www.otcmarkets.com/otcapi/company/financial-report/370127/content
- go to page 14 to see them add "Advance to Spinola Software Solutions Limited (Note 5)" then go to "NOTE 5" and on to page 21 to read "NOTE 5" which begins with "5. ADVANCE TO SPINOLA SOFTWARE SOLUTIONS LIMITED"

https://www.otcmarkets.com/otcapi/company/financial-report/370127/content