Absolutely, the increase is 25,100,000,000 that 100 million is to cover the Series A Preferred they issued to shareholders of MTi for the purchase of their company. Which can not be converted until the two year annaversary date of the deal having been made official. The deal became official on May 19,2025, so they can be converted on May 19, 2027 at 6 pm, per the Colorado Sec of State filing, provided the stock is listed on either the NYSE or the NASDAQ.
Also it will be up to everyone to make a habit out of reading the filings from here on out. People need to be looking for any new convertible debt that is dated 2025 and forward. If they read these upcoming filings then they have no reason to be blindsided by any future dilution that may be headed their way.
I am very hopeful that they, AFFU management, have all been duly educated on the evils of Toxic Financing even when you as a company are backed into a corner. We all have been forced to experience the evils of Covid, via this dilution, almost five years after it struck here in the U.S. How it adversely effected so many business or drove them out of business.
*This post was edited due to wrong dates. Thanks BBW
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