RE:Report on Alpha Capital Anstalt who own over 39 millionFrom WMG recnt filing Alpha owns even more and has close to the same voting power as the board of dirictors combined.
https://sec.report/Document/0001493152-22-017755/ -
(11)
Includes the following: (i) 1,774,500 shares of common stock held and 9,000,000 shares of common stock issuable upon conversion of a 12% convertible note in the original principal amount of $1,500,000 issued on June 15, 2021 with a current principal balance of $900,000 plus accrued interest of $207,222 (the “June 2021 Convertible Debenture”), (ii) 3,000,000 Class A Warrants held and 5,536,110 Class A Warrants issuable upon conversion of the June 2021 Convertible Debenture to purchase common stock at an exercise price of $0.13 until June 10, 2026, (iii) 3,000,000 Class B Warrants held and 5,536,110 Class B Warrants issuable upon conversion of the June 2021 Convertible Debenture to purchase common stock at an exercise price of $0.19 until June 10, 2026, (iv) 8,168,037 shares of common stock issuable upon conversion of a 15% convertible note in the original principal amount of $2,000,000 plus accrued interest of $450,411 issued on April 14, 2022 (the “April 2022 Convertible Debenture”), and (v) 8,168,037 warrants issuable upon conversion of the April 2022 Convertible Debenture to purchase common stock at an exercise price of $0.40 for a period of five years after the date of issuance. The address for Alpha Capital Anstalt is Altenbach 8, FL-9490 Vaduz, Liechtenstein. The Debentures and Warrants are subject to a beneficial ownership transaction which restrict Alpha Capital Anstalt’s ability to convert any portion of the Convertible Debentures or exercise the Warrants if it would result in Alpha Capital Anstalt owning in excess of 9.99% of the outstanding shares of the Company’s common stock.