Replies to post #49418 on American Diversified Holdings Inc (ADHC)

[familyof5]

Series Class C Convertible Preferred Stock

ADHC's debt is not eligible to be converted into common stock.
Aug 20, 2024

2:32 PM · Aug 20, 2024

@ADHCMANAGEMENT SADHC
ADHC NO DILUTION PLANNED SOON ADHC's debt is not eligible to be converted into common stock. There are no plans for any dilution at thus time. Future Valuation Catalysts are in place and will be announced soon !!!

— ADHC MANAGEMENT $ADHC (@ADHCMANAGEMENT) August 20, 2024

AMERICAN DIVERSIFIED HOLDINGS CORPORATION
NOTES TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED JULY 31, 2024




Series Class C Convertible Preferred Stock
All 100,000 issued and outstanding Series Class C Convertible Preferred Stock have no
voting rights. The Conversion Rate shall be the number of common stock shares, at the
market price at an amount equal to the dollar amount due to the Stockholder at the time
of the conversion of debt to these Series Class C Convertible Preferred Stock that amount
being $2,593,896 worth of common stock at the closing price of the previous day. The
debt amount will be removed from the financial statement at the next quarterly filing


NOTE 7 – SUBSEQUENT EVENTS
Management of the Company has evaluated the subsequent events that have occurred through the date of
the report and determined that the following subsequent events require disclosure:
On August 22, 2024, the Board of Directors duly adopted the following resolution creating a series of
preferred stock designated as the Class C Convertible Preferred Stock, comprised of One Hundred
Thousand (100,000) authorized shares.
On August 22, 2024, we issued 100,000 shares of Series C Preferred Stock, valued at $2,596,896 for
cancellation of debt. This debt amount will be removed from the financial statements of the Company a the next quarterly filing


Date********Close**High**Low*****Volume
22 Aug 2024 0.0019 0.0020 0.00095 82,870,771
21 Aug 2024 0.0013 0.0017 0.00125 20,663,592
20 Aug 2024 0.0017 0.0019 0.0007 130,286,954