Each one in plain English, with the numbers worked through for a shareholder.
21 June 2022capital raising announcement▼ BadMajor
Verde Bio issued a $200,200 promissory note to 1800 Diagonal Lending LLC at 12% interest, maturing June 3, 2023. If the company defaults, the note becomes convertible into stock at 75% of the lowest trading price over the prior ten trading days.
Verde Bio hired New to the Street Group LLC for investor-relations and media services, paying $10,000/month plus 13 million restricted shares - a large stock issuance for a marketing contract.
1 June 2022capital raising announcement● NeutralMajor
Verde Bio sharply upsized its Series C Preferred financing facility with GHS Investments - from the roughly $1 million floated in December 2021 to up to $6 million (125 preferred shares closed initially, $125,000) - and amended its Certificate of Designation to authorize 7,600 Series C shares in total.
Verde Bio agreed to its largest royalty acquisition to date, $3.2 million cash -- a step change in deal size from its typical sub-$1 million purchases.
Verde Bio terminated its letter of intent to buy biodiesel production facilities from Good Steward Biofuels and Wilson Real Estate & Assets -- the diversification attempt was abandoned, and the company stayed focused on oil and gas royalties.
Verde Bio lined up a new financing facility (up to $1 million of newly created Series C Convertible Preferred Stock) with GHS Investments -- the same lender it had just paid off months earlier -- and signed a letter of intent to acquire biodiesel production facilities, a notable attempted diversification beyond oil and gas royalties.
For the first time, Verde Bio sold rather than bought: agreeing to divest some of its mineral and royalty interests to a private buyer for $1,105,000 -- an early sign of active portfolio management (buying low, selling higher-value packages) rather than pure accumulation.
Verde Bio settled and paid off $715,000 owed under old convertible promissory notes to GHS Investments -- clearing legacy toxic-style debt from before its oil and gas pivot -- and separately hired a new marketing/sales consultant paid mostly in stock.
20 May 2021asset acquisition disposition▲ GoodMajor
Verde Bio closed its largest acquisition yet, over $1.1 million in cash for additional mineral and royalty interests -- more than double any prior deal.