The statement about the reverse split was made February 11th. It wasn't exactly definitive. You can place the words "...or in the foreseeable future". after any statement and maintain plausible deniability. How about no reverse split for the next six months or a year? 🤔
They have managed to get the price up to $0.001 with the so called "investor education series" where they managed to convert yet more shares. They have just demonstrated that the can still get the price up to $0.001 with volume off of heavy promotion. The question is have they been abled to execute further conversions to justify the cost and effort of have those taking profits cut into the take. The purpose of the promotions is to not only generate the volume needed for the conversions but encourage bag holders to hold while they convert. When this share structure fails to service the debt conversions and capital needs they will split the stock.
The current outstanding share count as of April 23rd is a bit more than 6.7 BILLION shares. They now have a qualified reg A offering as of April 14th for another 1.5 billion shares priced at $0.001. That reg A has been scaled down from the original $4.5 million filed in November 2024 to the current $1.5 million. Much has been stripped out to convert without the reg A but $1.5 million isn't enough to buy out the reverse merger agreements as written. It isn't impossible to continue to promote and convert what is several million in agreements given the foolishness by retail in chasing the press release. But I highly doubt it. 🤭
The Janbella Redemption Agreement up to $1.8 million
The three share cancellation agreements with a total principle of $1,060,000.
They also have other convertibles like the $1,232,500 of principal amount of the "Subject Convertible Notes" which convert at a 25% discount to market. The "Subject Convertible Notes" were rewritten as filed in the March 3rd filing to convert without the reg A offering. Link below. $1,050,000 (principle) of the subject convertibles are performance bonuses written for these Mexedia executives on November 15, 2024.
The cut & paste continues... AND they have stated No Reverse Split..please show us Proof of the stated lie..???We will await you response..??? 😍😍😍😍😍
..reaffirms its commitment to shareholder value and confirms that it has no plans to pursue a reverse stock split at this time or in the foreseeable future.
The April 10th press release states "...cleaning up legacy debt..." in the past tense also conveys a false narrative. The regulation A offering has two debt agreements that represent debt prior to the change of control. One is the Janbella redemption agreement worth up to $1.8 million which represents the previous majority control of Raadr and was the result of a defaulted note held by Janbella. The others are the three share cancellation agreements with a total principle of $1,060,000.