Jul. 5 at 11:14 PM
$AREB In March 2025 Bank Of America filed a complaint for debt owed. Streetsville bailed them out with a nasty loan which is why you are seeing the conversions. This company is such a high risk that Streetsville was able to charge them
$1 million for what they termed a "release fee". 🙄
https://www.sec.gov/ix?doc=/Archives/edgar/data/1648087/000149315226022768/form10-q.htm#fact-identifier-827
Page 19
On May 30, 2025, the Company entered into a Forbearance Agreement …
…seeking no less than
$1,906,743, plus outstanding and accruing attorneys’ fees, all pre and post- judgment interest, equitable relief in favor of Bank of America, …
…On June 26, 2025, the Company entered into a note purchase agreement with Streeterville Capital, LLC …
… Under the terms of the Amendment, Streeterville agreed to release the
$2,000,000 of the DACA held funds for the express purposes of repaying the Bank of America loan. The Company agreed to pay Streeterville a funds release fee of
$1,000,000, which was added to the Note increasing the current balance due to
$6,580,486…