Replies to post #31606 on AIAdvertising Inc (AIAD)

[papadedavid]

Let's see...on April 23 he bought 22727272 shares of series I preferred stock for 5 MM $:

On April 10, 2023, AiAdvertising, Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with Hexagon Partners, Ltd., (the “Purchaser”), pursuant to which the Company agreed to issue and sell to the Purchaser up to 2,918,560 shares of its Series I Preferred Stock (the “Series I Preferred Stock”) for an aggregate purchase price of up to $9,250,000 (the “Purchase Price”), in three tranches. Tranche A comprises 2,272,727 shares of Series I Preferred Stock at a purchase price of $2.20 per share of Series I Preferred Stock purchased at an initial closing on April 11, 2023. The Company also granted the Purchaser a six-month option from the date of the initial closing, which the Purchaser has the right to assign subject to certain restrictions, to purchase (i) up to 333,333 additional shares of Series I Preferred Stock at a purchase price of $6.00 per share of Series I Preferred Stock, and (ii) up to 312,500 shares of Series I Preferred Stock at a purchase price of $7.20 per share of Series I Preferred Stock.

22727272 X 400 = 9090908800 COMMON SHARES

AND NOW HE IS PAYING 2.5 MM $ FOR THE SECOND TRANCHE:

333333 X 400 = 133333200 COMMON SHARES

CAN YOU SEE THE HUGE DIFFERENCE???...HE IS PAYING MUCH MORE NOW FOR THE SHARES...HUGE.