So you know where 10-K 10.7 mil of deficit came from?
Going Concern
The Company has an accumulated deficit of approximately $7.8 million and a working capital deficit of approximately $2.9 million as of December 31, 2021. The Company’s continuation as a going concern is dependent on its ability to generate sufficient cash flows from operations to meet its obligations, which it has not been able to accomplish to date, and/or obtain additional financing from its stockholders and/or other third partie
Premise: from most recent 10-K: Generally, the Company has insufficient capital to maintain operations. Cashflows from operations of the Company and all its subsidiary holdings will not sustain the Company’s operations, let alone its filing requirements, unless there is substantial influx of cash flow through either debt and/or equity financing.
Common stock
During the year ended December 31, 2020, holders of warrants to acquire 246,862,272 shares of common stock elected to exercise the warrants on a cashless basis, at an exercise price of $0.0009 per share, resulting in the issuance of 240,744,220 shares of common stock.
During the year ended December 31, 2021, the holders of convertible debt elected to convert principal of $100,000 and interest of $55,209 into 7,626,978 shares of common stock.
Warrants
During the year ended December 31, 2020, holders of warrants to acquire 246,862,272 shares of common stock elected to exercise the warrants on a cashless basis, at an exercise price of $0.00009 per share, resulting in the issuance of 240,744,220 shares of common stock.
During the year ended December 31, 2020, warrants to acquire 117,108,206 shares of common stock at an exercise price of $0.00009 per share expired.
If you did your due diligence, relating to medi-ri 3 yr nightmare, you would know where the 10 mil referenced on last 10-K for 2021 came from.
This 10 mil of debt, comes after hundreds of millions of shares handed out at .0009 to convert various previous unpaid loans resulting in debt.
So, who drove the float down to 20 mil shares due to mismanagement?
As of December 31, 2021, we had approximately 2 full-time employees.
So, how do you try and convert 10 mil in debt only having 20 mil shares on float?
How does a holding company structure deals as a wholesaler with a solar panel OEM and PV inverter OEM with a stock sub-penny, no credit, almost no cash and 10.7 mil of combined accumulated deficit and working capital deficit ?
You would think they would have to bring something to the table? Maybe hundreds of millions of shares at bottom basement share price?
These facts may help one dive into the desperation behind the 14C filing on April 11th, granting approval for a Reverse Split between 100:1 and 1000:1.
In order to further implement its business plan and satisfy its working capital requirements, the Company will need to raise additional capital. There is no guarantee that the Company will be able to raise additional equity or debt financing at acceptable terms, if at all.
There's a reason why they have to leave the door open for a Reverse Split with a ceiling of 1000:1. Just do the math.
Playing catch up is exhausting and hard to avoid the hour glass affect ...And it's very transparent through the stock tanking.
Most investors get the real picture and don't get caught up in tweets and paid for pressers.
Do your own due diligence.
imho
cheers
Going Concern
The Company has an accumulated deficit of approximately $7.8 million and a working capital deficit of approximately $2.9 million as of December 31, 2021. The Company’s continuation as a going concern is dependent on its ability to generate sufficient cash flows from operations to meet its obligations, which it has not been able to accomplish to date, and/or obtain additional financing from its stockholders and/or other third partie
Premise: from most recent 10-K: Generally, the Company has insufficient capital to maintain operations. Cashflows from operations of the Company and all its subsidiary holdings will not sustain the Company’s operations, let alone its filing requirements, unless there is substantial influx of cash flow through either debt and/or equity financing.
Common stock
During the year ended December 31, 2020, holders of warrants to acquire 246,862,272 shares of common stock elected to exercise the warrants on a cashless basis, at an exercise price of $0.0009 per share, resulting in the issuance of 240,744,220 shares of common stock.
During the year ended December 31, 2021, the holders of convertible debt elected to convert principal of $100,000 and interest of $55,209 into 7,626,978 shares of common stock.
Warrants
During the year ended December 31, 2020, holders of warrants to acquire 246,862,272 shares of common stock elected to exercise the warrants on a cashless basis, at an exercise price of $0.00009 per share, resulting in the issuance of 240,744,220 shares of common stock.
During the year ended December 31, 2020, warrants to acquire 117,108,206 shares of common stock at an exercise price of $0.00009 per share expired.
If you did your due diligence, relating to medi-ri 3 yr nightmare, you would know where the 10 mil referenced on last 10-K for 2021 came from.
This 10 mil of debt, comes after hundreds of millions of shares handed out at .0009 to convert various previous unpaid loans resulting in debt.
So, who drove the float down to 20 mil shares due to mismanagement?
As of December 31, 2021, we had approximately 2 full-time employees.
So, how do you try and convert 10 mil in debt only having 20 mil shares on float?
How does a holding company structure deals as a wholesaler with a solar panel OEM and PV inverter OEM with a stock sub-penny, no credit, almost no cash and 10.7 mil of combined accumulated deficit and working capital deficit ?
You would think they would have to bring something to the table? Maybe hundreds of millions of shares at bottom basement share price?
These facts may help one dive into the desperation behind the 14C filing on April 11th, granting approval for a Reverse Split between 100:1 and 1000:1.
In order to further implement its business plan and satisfy its working capital requirements, the Company will need to raise additional capital. There is no guarantee that the Company will be able to raise additional equity or debt financing at acceptable terms, if at all.
There's a reason why they have to leave the door open for a Reverse Split with a ceiling of 1000:1. Just do the math.
Playing catch up is exhausting and hard to avoid the hour glass affect ...And it's very transparent through the stock tanking.
Most investors get the real picture and don't get caught up in tweets and paid for pressers.
Do your own due diligence.
imho
cheers
