No need or use for the $1.5 million reg A offering? 😆 I would refer you to page 17 of the last amended offering circular filed April 15, 2025. They can use the reg A for anything they like. The $1.8 million original deal to buy out Janbella was absurd to begin with. That Janbella ownership was a result of a defaulted note that had a $112K principle. This is a ridiculous story of Mexedia taking on millions of dollars of Raadr Inc debt to convert when they could have quite simply found a clean OTC shell for a target of this reverse merger. At this point Mexedia looks to be beyond stupid.
The $1,050,000 (principle amount) in performance bonuses that these Mexedia managers wrote themselves shortly after taking control were rewritten and filed March 3rd to be able to convert either with the reg A offering or without with a 180 vesting period at a 25% discount to market. The Mexedia business relies heavily on a line of credit to conduct their business of buying and selling telcom connections in high volume. The loss of their credit line was the stated reason that their business results were a relative disaster for 2024. Mexedia states in the 2024 Raadr Inc annual referencing their negative margins "...we will be required to obtain significant additional capital, including in this offering, in order to expand capacity for sales volumes..."
Also consider the letter of intent recently announced in a press release. This will need to be paid for as well and this company is severely cash flow negative. This letter of intent and the fact that Raadr Inc dilution will be used to pay for it was apparently well received by Mexedia shareholders becasue their stock is up. Understand that Mexedia is using their holding company Telvantis to access the U.S. capital market. The best tool for these OTC tickers is the free trading shares of the reg A offerings.
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
Page 17 Use of Proceeds We reserve the right to change the foregoing use of proceeds, should our management believe it to be in the best interest of our company. The allocations of the proceeds of this offering presented above constitute the current estimates of our management and are based on our current plans, assumptions made with respect to our business, general economic conditions and our future revenue and expenditure estimates.
Investors are cautioned that expenditures may vary substantially from the estimates presented above. Investors must rely on the judgment of our management, who will have broad discretion regarding the application of the proceeds of this offering. The amounts and timing of our actual expenditures will depend upon numerous factors, including market conditions, cash generated by our operations (if any), business developments and the rate of our growth. We may find it necessary or advisable to use portions of the proceeds of this offering for other purposes.
Our telecom business is low-margin, highvolume in nature, requiring increased levels of operating capital to increase sales revenues. Currently, we have a $45 million credit facility that has allowed for sustained operations. Nevertheless, we will be required to obtain significant additional capital, including in this offering, in order to expand capacity for sales volumes.
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