Dec. 2 at 8:40 PM
$RDAR There are five notes issued to three of the Mexedia managers for performance bonuses totaling
$1,050,000 plus interest. Did they pay that out of the
$1.3 million reg A offering proceeds raised in Q2? 🤔These Mexedia managers awarded themselves bonuses shortly after taking control in November 2024. Those notes are eligible to convert at a 25% discount to market. With a closing price of
$0.0003 they could have conversions at
$0.00025 which would be nice to convert at 4. Mexedia has sold its U.S. based Telvantis operations so they appear to be closing shop. Did they pay out their bonuses with the offering proceeds? The October 16th press release suggests that they did. After converting millions is bad Jacob DiMartino debt with the old Raadr software scam they look to be giving everyone the middle finger while they exit. 😅
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=176830886
https://finance.yahoo.com/news/telvantis-inc-terminates-regulation-offering-131538198.html
The Company further advised that it continues to operate its business free of convertible debt,...
