Aug. 6 at 6:12 PM
$GPUS @Ault
Mr. Ault, good morning. Why did Hyperscale Data Inc just indirectly (through Ault Lending LLC) do a Purchase Agreement (Cash BAILOUT infusion) with Alzamend Neuro Inc
$ALZN for an initial
$7.5 Million worth of their new Series D Convertible Preferred Stock, with another
$2.5 Million due ten days after the registration statement is effective, and the remaining
$15 Million to be purchased in equal tranches over the next 15 months...none of which even have a Dividend attached!? Ault Lending LLC is owned by Ault Capital Group Inc, which is a wholly owned subsidiary of Hyperscale Data Inc. By potentially later this month alone, Ault Lending LLC will have taken a roughly 68% stake in ALZN once the new (convertible adjusted) 10,335,000 shares are added to the current est outstanding amount of 4.79 Million shares 'should it be authorized to convert all-at-once'...potentially climbing later to 84% ownership once the full
$25 Million cash infusion is accounted for (cont'd)
