You really need to quit gaslighting this board on the various topics including the performance bonuses. Your post# 47701 linked below you claim that your opinions are based on the filings yet you neither quote the filings nor provide any links. No one ever said that the reg A was ever cancelled. The reg A amendment documents filed March 3rd did NOT remove the option to convert with the reg A offering. Option (a) is to convert with the reg A offering. The rewritten note added an option (b) to convert at a 25% discount to market after a 180 day vesting period. So it did not remove the ability to convert under discounted terms as you stated it added the discounted terms. In no scenario does either option prevent dilution of the common stock as you had stated. That is 100% gaslighting. Post #47649 has the quotes complete with the links to the filings.
And for the hundredth time, stop mixing up the Reg A with the performance bonuses. 900 posts and you still can’t figure out they’re not the same thing?
I’m bullish on RDAR, but not blindly. This isn’t based on hype or guessing, it’s based on the filings and what’s actually happening behind the scenes. The Reg A wasn’t cancelled, it was amended in March. That amendment pulled out the performance bonus notes, which removed the ability for those to convert under the discounted terms. That wasn’t some shady workaround; it was done to prevent dilution.
These notes were issued last November and rewritten February 17, 2025 to include provision (b) allowing them to convert at a 25% discount to market after a 180 day vesting period. That these Mexedia managers have converted billions of shares just to pay off the previous toxic debt then seek more than $1 million in conversions as an award is offensive.
So when was the last time the company has made a statement about a potential reverse split? The company made the “…no plans to pursue a reverse stock split at this time or in the foreseeable future.” Comment in a February 11th press release. The company had front loaded the conversions and issued billions of shares most of which had scheduled leak out provisions running at least until the beginning of May. So of course they weren’t going to split the stock as they won’t now until they clear up the shares that still aren’t in the market. They have nearly $3 million in current eligible conversions and a bloated 6.7 billion share structure. So who is spreading the reverse split misinformation? Details with links in post# 45768 linked below. OR, or, they could execute the share buy back that you are talking about and turn around a sell the reg A. Buy back a billion shares, sell a billion shares to keep that OS in check. Yeah, that's the ticket. 😆
And stop with the reverse split nonsense. How many times does the company have to tweet “no RS” before it gets through?
That statement about the reverse split was in the February 11th press release. They were still, and may still now, working through the more than 3.6 billion shares added to the float since October, much of which had leak out conversions. Now they have the qualified regulation A offering qualified in April, more than $1.2 million of subject convertible notes rewritten and eligible per the document dump of March 3rd. Now they have their audit done and talking about up-list. Talking about funding some kind of partnerships etc. That doesn't get done while lugging around a 6.7 billion share structure…