1. Please describe the process in which one would list a bond on the Exchange.
A company would make their bond available to the public on The Exchange through assessing readiness of the bond, selecting underwriter(s), establishing the bond (including share and price) through a contract, and petitioning The Exchange to list the bond. The Exchange may then choose to approve or deny the bond’s listing.
2.
Is it standard practice for the Exchange to be the spokesperson on behalf of the companies listed?
Yes.
3.
Please clarify whether or not the statements made by the exchange in regards to the defendant organisation, excluding those which explicitly attribute authorship to the defendant, were sanctioned by the defendant organisation.
The statement in Exhibit P-003 was not fully sanctioned by us. We provided the information shown in Exhibit P-006 and then The Exchange took that information and incorrectly translated it into the announcement shown in Exhibit P-003.
The statements in Exhibit P-007 were not fully sanctioned by us. We said “Ask investors if they are willing to add 6 months [pause] Interest for every month” after which The Exchange created the announcements of Exhibit P-007 without confirming the contents of the announcement.
The statement on 1/6/2025 in Exhibit P-008 was not sanctioned by us at all, this was a result of The Exchange realizing their mistake and owning up to it.
The statements in Exhibit P-009 were not technically sanctioned by us, although The Exchange typically announces bond, interest, and dividend payments when they process them.
The statement in Exhibit P-013 was expressly sanctioned by us.
The statement on 2/27/2025 in Exhibit P-008 was sanctioned by us, and we assumed The Exchange would pay it out after this occurred.
4. Provide the contract, or the statement on the lack thereof, formed between the defendant and the Exchange either in process of establishing a business relationship that would, in the future, result in the ability to list a bond, or allow the listing of the bond itself.
There was not a formal contract, although my lawyer says there is technically one formed by the conversations and actions taken throughout the listing process.
5. Provide evidence of, or a statement on the lack thereof, the communication made to the Exchange by the defendant which prompted the Exchange to announce the "calling" of the bond by the defendant.
Note that “No Access” was the channel for the bond in question.