Business
RAADR, Inc. CEO Jacob DiMartino Makes Historic Pledge to Sign No Additional Toxic Funding Documents
RAADR, Inc. CEO Jacob DiMartino Makes Historic Pledge to Sign No Additional Toxic Funding Documents.
About this update from Raadr, Inc.
[{"type":"text","content":"\n\n\n\nRAADR, Inc. CEO Jacob DiMartino Makes Historic Pledge to Sign No Additional Toxic Funding Documents\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nRAADR, Inc. CEO Jacob DiMartino Makes Historic Pledge to Sign No Additional Toxic Funding Documents\nPR Newswire\nPHOENIX, Oct. 4, 2021\n\n\n\nPHOENIX, Oct. 4, 2021 /PRNewswire/ -- RAADR, Inc. (OTC PINK: RDAR), a technology and software development company that monitors cyber-bullying and social media platforms with artificial intelligence announced today that its Chairman and CEO has made a pledge to sign no additional toxic funding documents. For purposes of the pledge, toxic funding documents are notes and debentures that convert into equity typically at the option of the lender at heavily discounted prices of the company's stock price around the time period that the conversion takes place.\nThis pledge is being taken because the company's REG A filing with the United Securities and Exchange Commission was qualified by the SEC and as a result, RAADR, Inc. will begin selling shares to highly qualified investors that the company believes have interests aligned with the company's goal of building shareholder value. Regulation A is being used as a favorable alternative to toxic funding.\nKnown as \"the anti-bullying company\", RAADR also recently announced that its audit for the company's calendar years ended December 31, 2019 and December 31, 2020 is expected to be completed in the fourth quarter. The audited financial statements will be included in the company's anticipated Form 10 filing with the Securities and Exchange Commission. As a fully reporting company with the SEC, RAADR, Inc. expects that business opportunities will flourish and its cost of capital will significantly decrease virtually immediately as the company completes the transmission from an alternative reporting company to a fully reporting company.\nRAADR Inc. Chairman and Chief Jacob Dimartino commented, \"We are continuing to make great progress, but this progress may not be clear to our shareholders because of the toxic notes and debentures ...