Chad has two notes to convert. One for $193K and another for $55k, plus any additional interest since 12/31/23. So safe to say it’s $250K.
Both are convertible at lower of 50% of the lowest market price of 30 days before, OR .0001 (this is probably the price he’ll get). So 2.5 Billion shares is a reasonable estimate. Call this what you want and try to spin it however you choose. Chad’s gonna dump big.
The company hasn’t made a dime of revenue (as shown in the Annual report). John borrowed money from Chad to take control of $LPHM as Accelerated Global Markets Solutions 29 months ago. However, now they do have an accumulated deficit of $20M and all their so called value is based on some fictional Goodwill.
$LPHM was one of the cleanest Synergy shells with a 5M O/S, Audit fins and zero notes and proceeded to take a steamy shit all over it in that timeframe.
I’ve said it several times this is ZAAG / NICH 2.0 or 3.0.
My guess is they will use all 3.4B remaining before they are done.
GLTU, better only be in for a flip, cause this isn’t built for any long term holders unless you’re an insider or a scorned investor since 2009ish or so.
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