LOL, I guess you missed the date on that month old tweet. Simply pay attention to the last three press releases and filter out the aggressive disinformation about "eliminating debt". The variable rate debt is now rolled into this lease deal which removed the threat of the notes further resetting from their $0.001 conversion price. They had been paying nothing on those notes so now they must which puts more pressure on their cash flow needs that has been supplemented by quarterly borrowing. Further, they lost the revenue from the Canadian property that was given over for the preferred shares which, again, they had not been paying on and represents a loss of cash flow. so Step one remove the variable rate debt clearing the way for future dilution.
"...all variable rate convertible debt and the Company is now free to focus on growth.”
Step two queue up the offering which as always represents massive dilution.
With these changes in hand, the Company is poised to raise new equity through its Reg A+ offering and to continue on with expansion and growth.
"Reg A financing" Sounds a lot better than we are going to dilute the living he77 out of this stock. LOL ...to proceed with the Reg A financing....
The Company also renegotiated the maturities of all of its remaining debt that had either expired or had no fixed terms of repayment. This puts the Company in a position to manage the repayment of those debts over time or convert them to equity.
With these changes in hand, the Company is poised to raise new equity through its Reg A+ offering and to continue on with expansion and growth.
On August 17, 2023, Deal Maker Securities received its clearance from FINRA to proceed with the Reg A financing as the Broker Dealer of record for the Company clearing the way for the commencement of the Reg A marketing. The Company expects the marketing to commence before the end of August 2023.
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