Erik S. Nelson - Dec 14, 2023 Form 5 Insider Report for Kinetic Seas Inc. (ECGR)

Role: Secretary, Director
Signature: /s/ Erik S. Nelson
Stock symbol: ECGR
Transactions as of: Dec 14, 2023
Transactions value $: $50,000
Form type: 5
Date filed: 4/8/2024, 05:11 PM
Previous filing: Apr 8, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ECGR	Common Stock	Purchase	$50K	+1M	+100%	$0.05^*	2M	Dec 14, 2023	Owned by Coral Investment Partners, LP	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Price is based upon the conversion of $50,000 of indebtedness due to the Coral Investment Partners, LP into 1,000,000 shares of common stock.
F2	Coral Investment Partners, LP ("Coral"), a Georgia limited partnership, has direct beneficial ownership of all the securities owned by Coral. Sterling Management Services, LLC ("SMS"), a Georgia limited liability company, is the general partner of Coral, and may be deemed to have indirect beneficial ownership of all or a portion of the securities owned directly by Coral, but disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein. Erik S. Nelson is the owner and manager of SMS, and may be deemed to have indirect beneficial ownership of all or a portion of the securities owned directly by Coral and SMS., but disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

Content

Price is based upon the conversion of $50,000 of indebtedness due to the Coral Investment Partners, LP into 1,000,000 shares of common stock.

Coral Investment Partners, LP ("Coral"), a Georgia limited partnership, has direct beneficial ownership of all the securities owned by Coral. Sterling Management Services, LLC ("SMS"), a Georgia limited liability company, is the general partner of Coral, and may be deemed to have indirect beneficial ownership of all or a portion of the securities owned directly by Coral, but disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein. Erik S. Nelson is the owner and manager of SMS, and may be deemed to have indirect beneficial ownership of all or a portion of the securities owned directly by Coral and SMS., but disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.