RE: Anyone know....19 Apr 2023 11:04
On June 6, 2022, the Company issued 1,007 shares of Common Stock to a related party and senior employee of the Company on the conversion of the principal and interest due under a convertible promissory note issued in partial remuneration of the employee.
In addition, on June 17, 2022, the Company issued a total of 59,452 shares of Common Stock to certain related parties on the conversion of the principal and interest owing on the conversion of certain convertible notes issued to repay employee expenses and salary.
Finally on November 14, 2022, the Company issued a further 16,217 following the conversion of the principal and interest on a promissory note held by a related party Director of the Company.
I there some of the major financial backers of the company are letting their debts roll on free of charge. So this will go through.
There’s more info in the report but DYOR. I do enough and don’t go making things up. If I make a mistake a I correct it