Replies to post #7924 on Synbio International Inc (SYIN)

[solong]

I agree...the only question I have is this. Global is the driver, we don't know all of the conditions they imposed on SYIN.

For example, did they say, "both S1 Registrations" had to be completed along with an OTCQB listing? We don't know the terms of their funding.

What we know is: "With a focus on revenue generation, the Company plans to allocate the initial funds primarily to the commercial launch of its nutraceutical products. A comprehensive marketing and sales strategy, including television and social media content, is in the advanced stages of planning. Initially, the Company’s focus will be on e-commerce in order to minimize costs and maximize market reach".

There is another part to the timing issue and that's the 2 funding sources. 1) Global is a dream-come-true for any OTC. They get to draw (I'm guessing with Globals approval) funds with shares being issued at a 9% discount. NO ONE offers that kind of loan to an OTC pink stock.

The 2nd funding is a little different. again from the fillings: Good to see that someone can read and do basic math! GL2U

On April 22, 2024, we issued a convertible promissory note to Quick Capital, LLC in an amount up to $555,555.55 which
bears interest at a rate of 12% and matures 9 months after the issue date. In conjunction with the issuance of the note, we issued Quick
Capital, LLC a common stock purchase warrant exercisable into shares of Common Stock equal to 50% of the amount funded under the
note and 7,000,000 shares of Common Stock as a commitment fee for entering into the transaction. As at December 31, 2023 the
Company had not drawn down on the convertible Promissory Note Agreement with Quick Capital LLC. On May 29, 2024 the Company
drew down $50,000 from Quick Capital Inc as part of the convertible promissory note facility.


The key, 3 words in that statement in the June 30th quarterly report is: "matures 9 months" - January 22nd (approx) I could comment on why they got 7 million shares or why there was a token loan of $50k...but I'm guessing we'll find out soon enough.

If OTCQB was part of Global's terms, then we wait for that. Time will tell.