Flying-Pheonix
14時間前
also, how can the company be losing or burning 25 million/quarter if it has no operations, no employees and paying some investorr relations fir $8500/month for what and supposedly payng $10,000/month rent on some shared office at 4601 Canada way suite 402. monthly rental for an office is about $1000/month. or $500 for a desk. and the $350,000 it agreed to pay to some uknown guy was settled out of court, they didn't even have to pay this guy for his 'claim' that he got rippped off. normally takes years in civil court before anyone pays anyone anything in court. In Canada, people who get injured in car accidents cannot sue for even more than $5000 limit so how this guy can get $350,000 payment for some bullshit 'claim' on service it says thge company owes it.? the company only has has couple of millions in cash and pay $1 million which it doesn't need to pay. the court didn't order it. and any lawyer could have or fight in civil court as bullshit claim.
Flying-Pheonix
15時間前
As for now the shareholder list are John Fife and a few no name investors
and 98,2% of shareholders is UNKNOWN. the real financials of the company is UNKNOWN
only known is the company actually owns the ip assets software, listing of shares in the nasdaq, and actually raised millions from public investors and they actually had some mayor and appeared on local tv talking about building the motorcycle batteries, the actual manufacturing of these motorcyles is not rocket science like EV cars. they buy all the parts from third party manufacturers and just assembles it. for a $30,000 motorcylce retail .half of the cost is in parts.
getmoreshares
5日前
As previously disclosed in the current reports filed with the Securities and Exchange Commission on November 18, 2024 and March 25, 2025, Damon Inc. (the “Company”) and Damon Motors Inc. (“Damon Motors”) entered into a settlement agreement with Mark Peikin (the “Prior Peikin Agreement”) to resolve certain claims by Mr. Peikin, as assignee of Joseph Gunnar & Co., LLC, relating to previously incurred financial advisory fees. Under the Prior Peikin Agreement, the Company agreed to pay Mr. Peikin an aggregate of $2,515,000, consisting of $1,515,000 in cash, which was paid on March 24, 2025, and $1,000,000, which was payable in cash or common shares of the Company, at the option of the Company, no later than May 21, 2025.
On June 9, 2025, the Company and Damon Motors entered into an amended settlement agreement (the “Amended Peikin Agreement”) to fully and finally resolve all outstanding amounts owed to Mr. Peikin pursuant to the Prior Peikin Agreement (the “Outstanding Settlement Obligations”). Under the Amended Peikin Agreement, the Company agreed to make a one-time cash payment of $350,000 to Mr. Peikin within one business day following execution of the Amended Peikin Agreement, and Mr. Peikin agreed to waive and release all claims arising from the Outstanding Settlement Obligations. Such amount has been paid to Mr. Peikin in full and final satisfaction of the Outstanding Settlement Obligations.