It was not a healthy financial. It was just the opposite. The cash is already gone as well. Sorry man...it's just truth.
In June 2025, the Company exchanged 6,000 shares of Series C Preferred Stock for approximately 64.7% of the units the Company holds in WSCG Holdco. The Company recorded a loss of $11,000,000 on this transaction.
Additionally in June, 2025, the Company granted BRU approximately 9.5% of its holdings in HoldCo as part of their settlement with them. The Company recorded a loss of $1,625,723 on this transaction.
On May 16, 2025, the Company and North Falls Investments, LLC (“NFI”), entered into a Settlement Agreement to settle a dispute. In accordance with the Settlement Agreement, the parties agreed to fix the conversion price of the two outstanding notes the Company has with NFI to $0.0001177 on the March 26, 2024 note and $0.0000823 on the April 22, 2024 note. The maturity dates were not extended.
On May 16, 2025, the Company and KWP 50, LLC (“KWP”), entered into a Settlement Agreement to settle a dispute. In accordance with the Settlement Agreement, the parties agreed to fix the conversion price of the March 13, 2024 note the Company has with KWP to $0.0001177. The maturity dates were not extended.
On May 16, 2025, the Company and Sellers Properties, LLC (“SP”), entered into a Settlement Agreement to settle a dispute. In accordance with the Settlement Agreement, the parties agreed to fix the conversion price of the two outstanding notes the Company has with SP to $0.0001177 on the December 19, 2023 and April 2, 2024 notes. The maturity dates were not extended.
The cash is gone already given this:
On April 1, 2025, the $750,000 outstanding to BRU was paid.
On April 4, 2025, the Company repaid the related party note payable with Sartorii plus accrued interest in the amount of $366,149.
On April 23, 2025, the Company repaid all amounts owed under notes with a related party whose trustee is related to the former CEO of the Company.
There is no net income at all.