The stock is technically bankrupt which is why Shawn Leon has to personally guarantee the crazy property purchase, sale, lease back refinance scheme. That regulation "A" offering is up next and won't happen without a split. Those who have been here as long as you are down so much that you are resigned to your fate at this point. There has been an awful lot of money lost here in the last couple of years and they will soon be locked in by the split from what I see. Who will stick around and buy the new reg "A" shares? A show of hands... someone needs to pay the more than $4 million in defaulted series "N" notes just for starters. As of September 30th 2023 the balance was $4,186,078 on the original $3.2 million. For the quarterly period ended September 30, 2023 https://www.otcmarkets.com/filing/html?id=17070521&guid=u6J-kKPx37-Rwrh
Series N convertible notes
Between January 28, 2019 and June 11, 2020, the Company closed several tranches of Series N Convertible notes in which it raised $3,229,000 in principal from accredited investors through the issuance to the investors of the Company’s Series N convertible notes, in the total original principal amount of $3,229,000, which Notes are convertible into the Company’s common stock at a conversion price of $0.08 per share together with three year warrants to purchase up to a total of 52,237,500 shares of the Company’s common stock at an exercise price of $0.12 per share. Both the conversion price under the Notes and the exercise price under the warrants are subject to standard adjustment mechanisms. The notes matured one year from the date of issuance.
The series N convertible notes matured and are in default. The Company is considering its options to settle these notes.
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