HA! An old post that I reposted over there just go
Post# of 29251
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Posted On: 04/22/2018 12:49:52 PM
HA! An old post that I reposted over there just got deleted. It was fine the first time, guess they don’t like when you squash their theories of dilution.
Toxic" Debt / Dilution:
Since the reverse merger back in November of 2017, the company has not taken on any "toxic" debt. We have only raised capital through small private Share Purchase Agreements.
In regard to recent conversions, it is the mission of the company to prioritize repayment on these debts prior to shares becoming free-trading.
This was sent out in the last blanket email. The addition of those restricted shares to the O/S is technically dilution. My question is “Can one of the restrictions on those shares be that if the company pays the debt off before time runs out on those restrictions can the restricted shares be cancelled and never enter circulation?” Someone with greater knowledge than I looked up the answer, and it is YES.
It looks like from that email that is exactly what Mike is saying. Yes they did issue something like 1.1 billion shares since they took over the shell of ANDI but like it says above “repay debts prior to becoming free trading” My guess is they pay them off from phone sale revenue and cancel all the restricted shares.
Share Purchase Agreements is likely the 200million shares that are not restricted as seen on the Q by Corbin Hardy. Yes he is a former business partner of Mikes, but he runs a Venture Capital firm. I stated before it’s not like he’s in the fashion or restaurant business, he is a venture capitalist, thats what he does, loans money to startups and Mike was brought on for those connections. My guess is he got 200 million shares for an undisclosed amount of money that the company can use towards all their needs. Startups need money, no denying that and I think UTOP went about acquiring it in the right way!!
REMEMBER FOLKS THE AUTHORIZED SHARES IS SIX BILLION. That means this nonsense of 37 billion shares being diluted can’t happen if the company can only issue six billion. IM NOT GREAT AT MATH BUT I THINK 37 IS MORE THAN SIX.
Just know that everyone here has a reason for being here. No one is here out of there good graces to save your hard earned money for you. GLTA that is my post for the day.
Go UTOP
Toxic" Debt / Dilution:
Since the reverse merger back in November of 2017, the company has not taken on any "toxic" debt. We have only raised capital through small private Share Purchase Agreements.
In regard to recent conversions, it is the mission of the company to prioritize repayment on these debts prior to shares becoming free-trading.
This was sent out in the last blanket email. The addition of those restricted shares to the O/S is technically dilution. My question is “Can one of the restrictions on those shares be that if the company pays the debt off before time runs out on those restrictions can the restricted shares be cancelled and never enter circulation?” Someone with greater knowledge than I looked up the answer, and it is YES.
It looks like from that email that is exactly what Mike is saying. Yes they did issue something like 1.1 billion shares since they took over the shell of ANDI but like it says above “repay debts prior to becoming free trading” My guess is they pay them off from phone sale revenue and cancel all the restricted shares.
Share Purchase Agreements is likely the 200million shares that are not restricted as seen on the Q by Corbin Hardy. Yes he is a former business partner of Mikes, but he runs a Venture Capital firm. I stated before it’s not like he’s in the fashion or restaurant business, he is a venture capitalist, thats what he does, loans money to startups and Mike was brought on for those connections. My guess is he got 200 million shares for an undisclosed amount of money that the company can use towards all their needs. Startups need money, no denying that and I think UTOP went about acquiring it in the right way!!
REMEMBER FOLKS THE AUTHORIZED SHARES IS SIX BILLION. That means this nonsense of 37 billion shares being diluted can’t happen if the company can only issue six billion. IM NOT GREAT AT MATH BUT I THINK 37 IS MORE THAN SIX.
Just know that everyone here has a reason for being here. No one is here out of there good graces to save your hard earned money for you. GLTA that is my post for the day.
Go UTOP
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