deepoil0808 wrote: Per Sedar Documents, Poda Holdings Inc. confirms that on January 27, 2022 the share capital was as follows:
Common shares 55,807,229 at payout of 40 cents Canadia...........................$ 22,322,892
Preferred shares 63,646 at payout of $ 400 per share.........., .......................23,000,000
Stock options 5,975,044 at payout of .40 cents per share................................2,390,018
Warrants 38,340,320
Less; $ 2.50 warrants (7,500,000)
1.00 warrants (3,640,320)
.50 warrants (1,250,000)
Warrants 25,950,000 at payout of 40 cents per share.............................10,380,000
Total Payout: $ 58,011,910
Per Management they will have $ 70,000,000 in the bank and, will only keep $ 1,000,000 so distribution of $69,000,000.
So where is the other $ 10,988,090 that is missing????
Also, warrants and options exercise will bring in these funds:
(a) 25,950,000 warrants at 10 cents will bring in $ 2,590,000
(b) 5,975,044 options at 16 cents will bring in.........414,400
Total additional cash to come in: $ 3,004,400
Where is this cash going of $ 3,004,400???
Plus there was cash in the bank of $ 14 million, what happened to all of that cash from November 2021???
I DO NOT TRUST this management at all, they have proven to be UNLOYAL and UNWORTHY of shareholder trust.
Therefore it is up to shareholders to ensure that the money in the bank belongs to us and is not raided on.
You can have the exchange look into this as the payout rate is WRONG.
They will contact the company and get press release corrected.
You can call CSE Exchange at 416-572-2000
My personal opinion