RE:RE:Who's the one?Executer99 wrote: Some idiot. This company is a pig like mobio. A way too pay themselves and do write offs. 80 year ceo
Aha, mix in more of the Vancouver players. Can they consolidate the share count again now?
Plank acquires $300,000 note from CodeZero
2021-09-20 18:35 ET - News Release
Mr. Laurie Baggio reports
PLANK ANNOUNCES INVESTMENT INTO CODEZERO TECHNOLOGIES INC.
Plank Ventures Ltd. on Sept. 15, 2021, invested $300,000 into CodeZero Technologies Inc., a Vancouver-based technology company.
CodeZero issued a convertible promissory note in the amount of $300,000 to Plank. The note is due on Nov. 15, 2022, and provides for 6-per-cent annual interest rate. The note is eligible to be converted into equity of CodeZero at a 20-per-cent discount to the next round of financing by CodeZero.
The funds will be used by CodeZero's team to invest in growth, and further develop its tools to deploy and manage Kubernetes, which is an open-source container-orchestration system for automating computer application development, scaling and management.
CodeZero is focused on tools for developers. The relatively new standard for cloud orchestration is called Kubernetes, and while it is largely recognized as the de facto standard, most developers would rather not use it because of its current complexity. Tens of millions of developers rely on tens of thousands of DevOps engineers to run Kubernetes, which creates huge bottlenecks that affect all technologies using cloud tools, such as AI, ML, IoT and others. CodeZero believes that Kubernetes will not cross the chasm unless the majority of developers can use it. CodeZero enables all developers to deploy to Kubernetes clusters without having to learn Kubernetes, solving a very big and expensive problem.