Replies to post #20528 on Accredited Solutions Inc (ASII)

[old fat and filthy rich]

SEC will not allow them to do a reverse split they are in violation of SEC 13D

[Bubae]

The company has been promoting the Globetopper since the beginning of November. That is a $3 million deal that needs to be paid for. They claimed in the In the September 18th press that intend to use the regulation A offering to settle "...all outstanding variable price convertible instruments..." That didn't happen. The SEC qualified the offering in offering in November. Priced at $0.30 it isn't viable and won't be without a stock split.

They are doing fine converting the current notes right where it is. The "60-Day Lock-Up and 6-Month Leak-Out" conversions run through May 15th. I guess the point is why would anyone mess with this particular stock? It is bad enough when we don't know that these stinky pinks are dumping.

What we don't know is the potential acquisitions and/or partnerships and if they are solid, aren't we waiting on that damn "major telecom co." pr?

Accredited Solutions Reaches Agreement With 100% of Promissory Note Holders for 60-Day Lock-Up and 6-Month Leak-Out on All Conversions
Diamond Creek Water LLC.
September 18, 2024
https://www.globenewswire.com/news-release/2024/09/18/2948146/0/en/Accredited-Solutions-Reaches-Agreement-With-100-of-Promissory-Note-Holders-for-60-Day-Lock-Up-and-6-Month-Leak-Out-on-All-Conversions.html

This interim agreement marks a significant milestone in the Company’s path toward a complete redemption of all outstanding variable price convertible instruments, thus avoiding the issuance of significant additional shares. [color=red]As part of the redemption plan, Accredited Solutions intends to use proceeds from its upcoming Reg A offering to redeem the variable price convertible securities, thereby avoiding any need for conversion into the Company’s common stock.[/color] This strategy is designed to achieve a much lower cost of capital and dramatically limit shareholder dilution.

https://www.sec.gov/Archives/edgar/data/1464865/000147793224006860/asii_ex21.htm
Article 1. Purchase and Sale of Acquired Interests.

1.01 Purchase and Sale of the Acquired Interests. Subject to the terms and conditions of this Agreement, the Owner will sell and deliver to ASII, on or before the Closing Date (defined below), certificates representing the Acquired Interests, duly endorsed in blank.

In consideration of the Acquired Interests to be sold by the Owner, ASII shall issue and deliver to the Owner, on the Closing Date (defined below), a promissory note (the “Closing Note”), in the form of Exhibit A attached hereto which will provide for the following consideration:

(a) $1,000,000 in cash payable on or before (Date two months from Closing Date) to be secured by the Acquired Interests, the assets of
Acquired Company and additional protections set forth therein;

(b) $1,000,000.00 by delivery of 1,000 shares of the Series B Preferred Stock of ASII (the (“Series B Shares”); and

(c) $1,000,000.00 by the delivery of a secured promissory note to be secured by the Acquired Interests, the assets of Acquired Company and
additional protections set forth therein.


EXHIBIT A
Form of Default Payment Note

1.1.1 Rights of Qualification. The Holder shall have the right, which may be exercised at the Holder’s sole discretion, to convert any amount due under this Note into shares of any qualified Regulation A Offering under the Securities Act of 1933, as amended (the “Securities Act”), of Borrower during the term of the any such Regulation A Offering. The number of shares to be issued upon any such conversion shall be in accordance with Section 1.2 of this Note. In conjunction with the rights granted to the Holder under this Section 1.1.1, Borrower shall, as may be required and while any amount due under this Note remains outstanding, qualify and allocate a sufficient number of shares of Common Stock to repay the remaining balance under the Note in full.