Replies to post #55058 on Greater Cannabis Company Inc (GCAN)

[Musical Shares]

I didn't say they were from a note.

I said:

He can issue the common shares to himself at par value (or at least it was supposed to be at par value) or a predetermined price.

You repeated what I said but didn't explain to me why they have to convert to "market value." Which is what you told me they should have done.

It was a conversion of debt to equity. It is supposed to be at market value. Market value at the time was .001

It is a coincidence that .001 is also the par value.

The only reason why I brought up toxic notes is because they can/do convert based off of market value. It was just an example.

He isn't converting anything. He simply just wrote a check to himself. Hence, share selling scheme.

[pumper_stumper]

Well then, this would be a clear case to get the SEC/FINRA/OTCMarkets involved, as the shares were issued at a price under par. Anyone going to initiate this?