Here is what you have at a minimum. The $1.5 million regulation A offering priced at $0.001 and the more than $1.2 million of the subject convertible notes rewritten and filed with the March 3rd to convert without the reg A offering converts at a 25% discount to market. Of that group of notes are the $1,050,000 to pay the performance bonuses for these Mexedia executives which I'm thinking will wait along with the $1.5 million reg A until after the reverse split.
They need to clean up the remaining conversions before the split because once they announce the split the liquidity will dry up and the price will tank. So for the moment we will see the constant weekly promotion for support. These Mexedia managers have added more than 3.6 billion shares to the float since they took control last October. Nearly 2,3 billion shares were issued in October and November much of which had leak out conversions scheduled to run through the first of May. Examples in post Post# 44680 with links to the filings. Also linked below are the waivers for notes totaling in principle amount of $142,500 of the rewritten notes in the March 3rd dump. These waivers were needed to expedite the SEC qualification for the reg A. Several of those notes become vested this month with the Newlan Law firm note more than eligible with its July 2024 date. Did they convert the leak outs as scheduled or how much remains. We won't see the evidence in the OS updates..
The company added 375 million shares to the OS March 26th representing the second tranche related to a IBH Capital note described in Post# 45189. That and more was added to the unrestricted which I believe is yet to be sold into the market. Reference the 231 million shares that came of restricted January 22nd that went directly to the DTC shown below in Wolfs posts chronicling the share structure activity. Watch for the 600 million difference between unrestricted and that held at the DTC to reach parity for an indication of when they may file the reverse split to support the reg A and performance bonus notes. All that was still intact as of the weekly OS update last Wednesday before the market opened.
The new Mexedia managers heavily front loaded the conversions shortly after they took control in October 2024. The notes they wrote had leak out conversions. A few are below. A list of all the notes in the original regulation A filing are linked below. It looks to me like the regulation A offering will wait until these conversions are sold out. Then they will likely split the stock to sell the offering or amend its price.
Nice manipulation for the dumps. They should just work it at this level and soak up as much as possible. 😆 The business model is a cash burner which is why Mexedia is here selling shares and that is what is working for this to date. Still thinking that the reg A and the subject convertible notes comprising mostly of the the bonuses for these Mexedia managers will wait until after the split. Among some of the other added to the unrestricted March 26th is the 375 million shares of the second tranche of shares for IBH Capital. Those shares were priced at $0.00068. They could double their money if they patiently feed the new shares in.
For the period ending December 31, 2024 https://www.otcmarkets.com/file/company/financial-report/454782/content Page 31 of the PDF Settlement of Convertible Promissory Notes. During October and November 2024, we entered into settlement agreements with each holder of our then-outstanding convertible promissory notes, all of which had conversion rights at conversion prices averaging approximately 60% below market prices for our common stock. Pursuant to these agreements, we issued a total of 2,273,000,000 shares in payment of a total of approximately $1,053,817 of indebtedness, including default interest and penalties, represented by such convertible promissory notes. After completion of these settlements, we had no outstanding convertible instruments.
By this Offering Circular, Raadr, Inc., a Nevada corporation, is offering for sale a maximum of 1,500,000,000 shares of its common stock (the “Offered Shares”), at a fixed price of $0.001 per share, pursuant to Tier 1 of Regulation A...
Notice of Qualification Date Qualified: April 11, 2025 4:00 P.M. Form: 1-A
...is pleased to announce that it has reached a definitive agreement with certain shareholders for the cancellation of 1.7 billion common shares. This strategic decision reflects the Company's commitment to enhancing shareholder value by optimizing its capital structure...