OTCPK:ALSYY - Post by User
Comment by
tour2beston May 21, 2020 12:00am
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Post# 31054610
RE:facts
RE:factsUncle,
Beyond what was covered in the article, Bilzerion subscribed for 71.4 million share at $0.43 per share putting $714,000 upfrint in cash and ~$30 million in a subscription note that beared interest at 8%. Roughly a year later the company about 8.5 million shares at US$3.728 per share from Bilzerian to retire the subscription note. At the end of 2018, he ended up with a house plus ~1.6 million plus 54.4 million share.
There were a few more strange transactions in the MIC 2019 available on sedar.com. Ignite US was a rivate company.
Went public and traded at $3.xx for a short time and a year and a bit later is at $0,80 per share. CEO and CFO leave company after around year.
Parties, naked women and guns may be acceptable for a lifestyle, but to paraphase Dean Wormer "its not way to go through life or build a company".
Still not comfortable with white label marketing of prooducts. Where is "quality"?.