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This innovative funding mechanism sounds like nonsense. Ohrid Organics? Recently changed its name from Carbon Capture Ltd. Green bandwagon didn't work. Let's try cannabis.

Money lent by CEO because no one else would. To get a placing away it will need a big discount. They will probably forward sell the shares to avoid risk of loss.

This is going right back down to where it came from. Ridiculous gains for a company on the brink of insolvency. The debtors in China aren't going to pay. Next up will be a deeply discounted placing. Then there's 5G Fund. Either got to pay them off or issue a load more shares.

The big news is going to be how much of a discount on the placing is required to keep this afloat. Then you have to factor in 5G fund who want their money back. They'll either have to pay them or issue a load more shares to them which of course they will sell.

Reality starting to set in. Once the incessant ramping started to die down the reality of this business is it's on the brink of insolvency.

What's going to happen if the court says they've got to pay 5G Fund their money?

"On 13 October 2023, the Company received a demand letter on behalf of 5G Innovation Leaders Fund. The demand letter notified the Company of an event of default under the Subscription Agreement resulting from, inter alia, the application for the TSP Order, and requested immediate repayment of the US$1,336,000 outstanding under the Subscription Agreement."

This company is hanging on. May not even survive. Shareholders will be at the back of the queue i.e will get nothing. Even if the company survives 5G Innovation fund will start converting and selling again.