Pickme2
2 days ago
New share increase
Outstanding Shares
15,036,725
11/05/2024
Restricted
2,768,578
11/05/2024
Unrestricted
12,268,147
11/05/2024
Held at DTC
2,073,132
11/05/2024
Pickme2
1 week ago
Share increase update
Approx 75,000 added today
Outstanding Shares
14,904,225
10/31/2024
Restricted
2,768,578
10/31/2024
Unrestricted
12,135,647
10/31/2024
Pickme2
1 week ago
Share update…
Outstanding Shares
14,829,225
10/28/2024
Restricted
2,768,578
10/28/2024
Unrestricted
12,060,647
10/28/2024
Held at DTC
2,041,984
10/28/2024
Pickme2
5 months ago
On June 11, 2024, the Company entered into a settlement agreement and release of claims (the “Settlement Agreement”) with GHS, pursuant to which GHS agreed to terminate the Transaction Agreements and cancel the Shares and the Notes in exchange for a new Fixed Amount Settlement Promissory Note in the principal amount of $535,000 (the “New Note”). The Settlement Agreement contains customary representations and warranties for a transaction of this type, as well as a customary mutual release of claims by the Company and GHS.
The New Note does not bear interest and requires fixed payments as follows: (i) if the Company raises at least $5 million but less than $6 million in its planned underwritten public offering (the “Offering”), then it must pay $250,000 on the closing date of the Offering, with payments of $125,000, $125,000 and $35,000 to follow on the 90th, 180th, and 240th days following the closing of the Offering, respectively; (ii) if the Company raises at least $6 million but less than $7 million in the Offering, then it must pay $390,000 on the closing date of the Offering and $145,000 on the 90th day following the closing of the Offering; and (iii) if the Company raises at least $7 million in the Offering, then it must repay the entire principal amount on the closing date of the Offering. If the Offering is not completed by August 15, 2024, then the Company is required to pay $25,000 on such date and to continue making payments of $25,000 on each monthly anniversary thereof until the entire principal amount is repaid in full. If the Offering is completed after August 15, 2024, then the Company is required to make payments as described in the schedule above. Notwithstanding the foregoing, if the Company abandons the Offering and conducts a new public offering thereafter, then the Company is required to make a payment of $100,000 on the closing date of such other public offering, a second payment of $100,000 on the 90th day following the closing of such offering and $35,000 each month thereafter until the entire principal amount is repaid in full. If any portion of the principal amount remains unpaid on the second (2nd) anniversary of the date of the New Note, it shall become immediately due and payable on such date. The Company may prepay the entire principal amount at any time without penalty. The New Note is unsecured and contains customary events of default for a loan of this type. Upon an event of default, interest shall automatically begin to accrue at a simple interest rate of ten percent (10%) per annum
equijohn
5 months ago
Your locked and loaded in a proven , yes proven Dilution Machine
Unless you have preferred shares which you can convert 100 to 1 common , you will be destroyed, like the 3 groups of common shareholders before
3 previous reverse splits saw the stock drop to .0001
Now we are on the 4th reverse split , a 75,000 to 1 split
If you have bought shares on the open market you will see the investment vanish , as more new shares will hit the OS weekly