Techlott Chairman Grady Exits; Keeps 188.3M Shares, Waives $400K in Fees
LOTT sits 67% above its 52-week low of $0.003 on light trading volume (0.2× avg).
Summary
Techlott's chairman Eldar Grady resigned under a settlement that cancels most of his equity claims and $400,438.36 of unpaid fees in exchange for 188,300,000 shares, about 4.0% of the fully diluted company. The filing also confirms the stock was moved down to OTCID Basic after OTC Markets refused to extend the bid-price cure period.
Key Events · Executive and Board Changes · LOTT
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Chairman Resigns Under Settlement
Eldar Grady resigned as director, Chairman and Executive Chairman on October 28, 2026 under a Waiver, Termination and Release Agreement dated October 20, 2026; the resignation was not the result of any disagreement with the company.
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Most Equity Claims Cancelled
Grady and Talniri waived the right to subscribe for 638,961,306 shares, the 17,842 reserved Series B Preferred shares (892,100,000 common), up to US$7,000,000 of anti-dilution value and US$400,438.36 of accrued consulting fees plus all severance.
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Grady Keeps 4.0% Stake
He retains 188,300,000 shares, about 4.0% of the 4,707,220,247 fully diluted base, delivered as 3,766 Series B Preferred shares converting 50,000-for-1, for US$18,830 (US$0.0001 per share) paid by fee set-off.
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Top-Up Right and Standstill
Grady keeps a 4.0% anti-dilution top-up until the company raises US$5,000,000 of new value, the 14,000,000-share warrant at US$0.01 and 963,790 open-market shares, and is barred from acquiring more or waging a proxy fight for 12 months.
Analysis · LOTT · Technology
The settlement removes a large chunk of the overhang that hung over the stock, and Techlott's executive chairman is gone. Grady gave up the right to 638,961,306 subscription shares, 17,842 reserved preferred shares (892,100,000 common) and up to $7,000,000 of anti-dilution value, keeping only 188,300,000 shares — about 4.0% fully diluted — for $18,830. He also waived $400,438.36 of unpaid consulting fees and all severance, so the company sheds a cash obligation it could not easily pay. What remains is a 4.0% top-up right until $5,000,000 of new money is raised, a 14,000,000-share warrant at $0.01 and a 12-month standstill. Against that, the company confirmed OTC Markets refused to extend the bid-price cure period, so the stock now trades on OTCID Basic rather than OTCQB, and the 10-billion-share authorization increase cannot take effect before November 5, 2026. The company still carries a going-concern warning and needs near-term funding.
How filings like this one have moved
In the 30 days to Oct 28, 2026, 38.5% of the 1020 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.49%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, LOTT was trading at $0.01 on OTC in the Technology sector, with a market capitalization of approximately $4.5M. The 52-week trading range was $0.00 to $0.03. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.