---
schema_version: "secwatch.filing_event.v1"
accession: "0001199835-22-000363"
form_type: "8-K"
ticker: "FTSP"
cik: "0001319643"
company_name: "FinTrade Sherpa, Inc."
filed_at: "2022-06-13T23:59:59+00:00"
generated_at: "2026-06-25T02:16:12.549332+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Lode-Star rescinds Sapir asset purchase; reinstates $2.2M debt, converts $2.6M debt into 70.3M shares

## Summary
- Rescinded Sapir Pharmaceuticals asset purchase and royalty agreements on June 6, 2022; neither party has further obligations.
- Reinstated ~$2.224 million in accrued unpaid debt owed to Lode Star Gold (LSG) that was previously forgiven in January 2022.
- Converted $2,601,207.55 in debt from three related parties into 70,302,906 common shares at $0.037 per share.
- LSG received 62,769,918 shares; CEO Mark Walmesley received 6,372,405 shares for his debt; Lonnie Humphries got 1,160,583 shares.
- Rescission due to inability to develop EGCG business; no preferred stock had been issued under the original agreement.

## SEC filing metadata
- accession: 0001199835-22-000363
- form_type: 8-K
- ticker: FTSP
- cik: 0001319643
- company_name: FinTrade Sherpa, Inc.
- filed_at: 2022-06-13T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.02, 1.01, 2.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1319643/000119983522000363/0001199835-22-000363-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1319643/000119983522000363/lsmg-8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001199835-22-000363
- JSON: https://secwatch.observer/filing/0001199835-22-000363.json
- Plain text: https://secwatch.observer/filing/0001199835-22-000363.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.