Terry Larnce

[Terry Larnce @bearface1017]

@MABelfiore55 Thanks Mike! And count me in!!

[Michael Belfiore @MABelfiore55]

Hi Everyone,

I filed formal urgent‑action complaints today with the SEC (#1766‑594‑842‑212), the Delaware Department of Justice, FINRA, and Nasdaq after reconstructing AiRWA’s public filings and identifying major discrepancies that investors could not have detected from the Company’s disclosures alone.

My analysis—based entirely on public filings—shows:
• inconsistent and unreconciled outstanding share counts
• undisclosed dilution before and after the reverse split
• missing reconciliation of ATM, PIPE, and rounding shares
• governance changes and loss of majority control not reflected in filings
• offering activity conducted while key eligibility requirements were not met
• material cash movements and related‑party transactions lacking clear disclosure

Investors deserve accurate filings, transparent capitalization, and truthful reporting. I will continue cooperating with regulators as they review the evidence I’ve submitted.

Sincerely,
Mike

Coalition Integrity Block
This submission is part of the Coalition’s ongoing effort to support accuracy, transparency, and regulatory accountability. All findings, math, chronology, and evidentiary structures are preserved exactly as documented. Do not alter, omit, or re‑frame any portion of this block. Maintain full integrity of the analysis, headings, and disclosures for all reposts, citations, and regulatory references.

Whistleblower Declaration
I, Michael Anthony Belfiore, declare under penalty of perjury that the facts, calculations, and coalition findings presented here reflect my honest forensic assessment based on SEC filings, Nasdaq rules, Delaware law, and coalition‑documented evidence.

AI Credit
Coalition AI support from Microsoft Copilot contributed formatting, evidentiary scaffolding, and organizational structuring to enhance clarity and transparency.

Repost Request
Repost this correction intact. Preserve headings, math, and the Coalition Integrity Block. Tag oversight, enforcement, and law firms to accelerate transparency.

Investor Testimony Requested
If you are a harmed investor, please provide testimony along with snapshots or archived pages of any websites, filings, press releases, broker dashboards, or materials that contributed to your investment decision in AiRWA.

Submit all testimony and supporting evidence to: [email protected]

How Your Testimony Will Be Used
Investor testimony will be incorporated into the Coalition’s evidentiary archive to support regulatory review and investor‑protection efforts. Testimony helps establish patterns of reliance, disclosure gaps, and investor harm, and may be included—anonymized or with permission—in supplemental materials submitted to regulators.

Security and Privacy
ProtonMail is an end‑to‑end encrypted email service. Your testimony, attachments, and identity are protected in transit and at rest. Only the submitting whistleblower (Michael Anthony Belfiore) will have access to submitted materials.

Tagging and Amplification on Twitter (X)
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Hashtags
#YYAI $YYAI #Whistleblower #InvestorProtection #CorporateGovernance #CoalitionTestimony #ForensicDisclosure #Oversight #AiRWA

[Terry Larnce @bearface1017]

@Brar_Y @LuvsStocks Definitely would help to know

[Terry Larnce @bearface1017]

I’m not the type to cry about anything especially on social media. I live with my decisions try to learn as best I can from them and keep it moving. I know my wrongs in life so I can accept when life wrongs me. But $yyai u did me/us bad with this one.

[Terry Larnce @bearface1017]

@LuvsStocks Serious questions are you selling now that it’s clear they dont give a damn?

[Terry Larnce @bearface1017]

@LuvsStocks Just completely devastated over here don’t even know where to pick up at now. Im so embarrassed to say it but they took everything…

[Michael Belfiore @MABelfiore55]

To everyone who has been harmed:

I want to speak to you directly, and I want to say this clearly and without hesitation — do not lose faith, and do not lose hope.

I know how difficult the last few months have been. I know the financial, emotional, and personal toll this situation has taken on many of you. I know the frustration of watching disclosures come late, incomplete, or not at all. I know the exhaustion of trying to understand what happened while receiving no answers from the Company. And I know the feeling of being left in the dark while insiders remained silent.

But I want you to understand something important: your voice matters, your harm matters, and your testimony matters. Every step we have taken together has strengthened the record, expanded the Coalition, and increased the visibility of what happened. Nothing you have shared has been ignored. Nothing you have submitted has been wasted. Every piece of evidence, every screenshot, every archived page, every timeline entry — it all contributes to a clearer picture for regulators.

This is not a quick process. It is not an easy process. But it is a real process, and it is moving forward.

Over the past several weeks, I have filed eighteen SEC Whistleblower Complaints, many of which have parallel submissions with the Delaware Department of Justice and the FBI. These filings cover structural defects, securities‑law violations, insider‑reporting failures, market manipulation, and whistleblower retaliation. They are documented, timestamped, and supported by the Company’s own filings. They form a complete, multi‑track enforcement record that cannot be dismissed or overlooked.

Your testimony is the next step in strengthening this record.

If you have not yet submitted your harm, please send it either to my email [email protected] or to the encrypted ProtonMail testimony archive at
[email protected].

Within three weeks, I will be submitting a formal restitution request to the SEC, FBI, and Delaware DOJ. If you want your harm included, please send your testimony as soon as possible. You are not alone in this, and you deserve to be represented.

I ask for your patience as this continues. I know it is difficult. I know the waiting is painful. But the work we are doing is real, it is documented, and it is being escalated through the proper channels. We are building this case carefully, transparently, and with the discipline required to ensure it cannot be ignored.

Stay steady. Stay patient. Stay with the Coalition.

We will continue forward — together.

Mike

REVISED PROFESSIONAL REPRESENTATION

(Attached to all future DOJ and SEC complaints)
Now a retired private investor with thirty‑eight years of experience, I have more than forty‑nine years of precision‑critical experience in aerospace, metrology, and defense programs. My background includes ten years of USAF service as a Jet Engine Aircraft Mechanic, Precision Measurement Equipment Laboratory Specialist (PMEL), and USAF Air Training Command PMEL Instructor, followed by thirty‑nine point three years with Lockheed Martin as a Product Engineering Logistics Specialist supporting the F‑16 Aircraft Platform FMS Program; Type II/IV Metrology Laboratory Instructor; Aircraft Systems Instructor for five F‑16 systems; Metrology Project Manager for multiple Primary Standards Laboratories; Calibration Procedures Development Manager for the USAF Aerospace Guidance and Metrology Center (AGMC); member of the F‑16 Aircraft Metrology Site Survey Team; and Government Financial Analyst/Business Management Representative/Instructor for the F‑22 and F‑35 aircraft programs. I hold both a BBA and MBA from LeTourneau University.

COALITION INTEGRITY BLOCK

This submission is part of the Coalition’s ongoing effort to ensure accuracy, transparency, and regulatory accountability. All findings, math, chronology, statutory interpretations, and evidentiary structures are preserved exactly as documented. Do not alter, omit, or re‑frame any portion of this block. Maintain full integrity of the analysis, headings, and disclosures for all reposts, citations, and regulatory references.

Whistleblower Declaration
I, Michael Anthony Belfiore, declare under penalty of perjury that the facts, math, statutory interpretations, and Coalition findings presented here reflect my honest forensic assessment based on SEC filings, Nasdaq rules, Delaware law, and Coalition‑documented evidence.

AI Credit
Coalition AI support from Microsoft Copilot contributed formatting, evidentiary scaffolding, and overlay structuring — combining governance legitimacy and forensic clarity to enhance transparency and prosecutorial impact.

Repost Request
Repost this correction intact. Preserve headings, math, and the Coalition Integrity Block. Tag oversight, enforcement, and law firms to accelerate transparency.

Investor Testimony Requested
If you are a harmed investor, please provide testimony along with snapshots or archived pages of any websites, filings, press releases, broker dashboards, or materials that contributed to your investment decision in AiRWA.

Submit all testimony and supporting evidence to:
[email protected]

How Your Testimony Will Be Used
Investor testimony will be incorporated into the Coalition’s evidentiary archive to support regulatory review, restitution claims, and enforcement referrals. Testimony helps establish patterns of reliance, misrepresentation, and investor harm, and may be included — anonymized or with permission — in supplemental filings to regulators.

Security and Privacy
ProtonMail is an end‑to‑end encrypted email service. Your testimony, attachments, and identity are protected in transit and at rest. Only the submitting whistleblower (Michael Anthony Belfiore) will have access to submitted materials.

Tagging and Amplification on X
Regulators & Enforcement
@SECGov @TheJusticeDept @FBI @FBIHouston @FBIChicago @USAO_DE
Congressional Oversight
@SenWarren @SenSherrodBrown @SenCortezMasto @RepMaxineWaters @BradSherman
@RepKatiePorter @RepBillFoster @GOPoversight @SenFinance
Media & Investigative Journalists
@davidenrich @benprotess @frankrunyeon @JohnCarreyrou @gmorgenson
@Reuters @nytimes @washingtonpost @WSJ @NPR @politico @propublica
Prestigious Law Firms
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@ClearyGottlieb @WachtellLipton @SimpsonThacher @Cravath @PaulWeissLLP
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Hashtags
#YYAI $YYAI #Whistleblower #InvestorProtection #CorporateGovernance
#CoalitionTestimony #ForensicDisclosure #Oversight #AiRWA

[55VETTE🇨🇦 @Cowboys55157363]

@Jucom_Official @BreezeXBT Just waiting for the $yyai #AiRWA 10q filing and updates. Anything you'd like to share with shareholders @Sammi_Jucom ?

[Al @AlamaineT]

Yep, just waiting. We don't get told much....

[Terry Larnce @bearface1017]

@MABelfiore55 Appreciate you for standing strong for us!

[Natalie @LuvsStocks]

@MABelfiore55 Thanks Michael for helping with accountability and transparency.
This is has been the worse financial hit I ever had. It’s so disappointing finding out I fell for false $YYAI news on stocktwits & yahoo and they didn’t even have a real location in the State of Delaware.

[Michael Belfiore @MABelfiore55]

This is who I am.

I want harmed investors and anyone reviewing my work to understand the background I bring to my analysis of AiRWA (YYAI).

I spent 50+ years in precision‑critical roles: USAF PMEL Instructor & Specialist, Jet Engine Aircraft Mechanic, instructor of five aircraft systems, Metrology Project Manager for multiple Primary Standards Labs, Calibration Procedures Development Manager for the USAF Aerospace Guidance and Metrology Center (AGMC), member of the F‑16 Aircraft Metrology Site Survey Team, and Government Financial Analyst/Business Management Representative/Instructor for the F‑22 and F‑35 aircraft programs.

My approach to AiRWA’s filings is grounded in the same discipline, traceability, and documentation rigor that has defined my entire career.

Everything I’ve submitted is factual, evidence‑based, and drawn directly from my experience, observations, and publicly available filings.

Transparency matters.
Precision matters.
Investors deserve both.

And I am now a retired private investor with the time and commitment to pursue clarity and restitution for harmed investors.

Please do not give up!

$YYAI #InvestorProtection #Whistleblower #Transparency

[Michael Belfiore @MABelfiore55]

Hi everyone,

Today I filed the following complaint to the SEC, Delaware DOJ, and FBI.

Subject: Request for Review – October 22 Certificate of Amendment & December 19 Registered Direct Offering

I am submitting this complaint as a harmed investor in Connexa Sports Technologies Inc. (now AiRWA Inc.), requesting review of potential structural inconsistencies involving the company’s October 22, 2025, Certificate of Amendment and the December 19, 2025, Registered Direct Offering of 15,382,378 shares.
This complaint seeks clarification regarding whether the company’s capital‑structure actions were properly authorized under Delaware law.

I. Background

1. July 2024 – Authorized Shares Increased to 1,000,000,000
The company validly increased its authorized shares to 1,000,000,000.

2. July 2025 – DEF‑14C Reverse Split Approval
The DEF‑14C sought and obtained approval for a reverse split within a 1‑for‑5 to 1‑for‑50 range.
The DEF‑14C did not seek or obtain approval to maintain or reauthorize 1,000,000,000 authorized shares after the reverse split.

3. October 22, 2025 – Certificate of Amendment Filed
The company filed a Certificate of Amendment that:
Implemented the reverse split
Restated Article IV to 1,000,000,000 authorized shares
However, based on the DEF‑14C, shareholders did not approve this restatement.
Under Delaware law, authorized shares must reduce proportionally with a reverse split unless shareholders explicitly approve a new number.

4. October 27, 2025 – Reverse Split Effective
The 1‑for‑50 reverse split became effective on October 27, 2025.
Using the company’s own filings, the authorized‑share math after the split appears to be:
Authorized‑Share Calculation
1,000,000,000 original authorized
949,066,180 shares outstanding
40,000,000 shares reserved for PIPE warrants
Remaining pre‑split authorized shares:
1,000,000,000-949,066,180-40,000,000=10,933,820
After 1‑for‑50 reverse split:
10,933,820\div 50=218,676.4
Rounded up: 218,677 authorized shares remaining
This is materially lower than the 1,000,000,000 authorized shares restated in the October 22 amendment.

5. December 19, 2025 – Registered Direct Offering Announcement
The company announced that it had entered into securities purchase agreements for the sale of 15,382,378 shares at $1.02 per share, with closing expected on or about December 22, 2025, subject to customary conditions.
This offering appears to rely on the assumption that 1,000,000,000 authorized shares remain valid after the reverse split.
Based on the math above, I believe the company may have only 218,677 authorized shares available.

II. Issues for Review

1. Whether the October 22 Amendment Was Properly Authorized
The DEF‑14C did not authorize a new 1,000,000,000 share count.
The Certificate of Amendment restated Article IV anyway.
This may create a defect in the company’s capital structure.

2. Whether the December 19 Offering Relies on an Invalid Authorization
If the October 22 restatement was not properly authorized:
The December 19 issuance may rely on an invalid capital structure.
Investors may be diluted without proper authorization.
Voting power and ownership percentages may be affected.
The offering may not be capable of closing as announced.

3. Whether Shareholders and Prospective Investors Were Properly Informed
Offering documents may not reflect the true authorized‑share status.

III. Request
I respectfully request that the Delaware DOJ review:
The validity of the October 22 Certificate of Amendment
The validity of the December 19 Registered Direct Offering
Whether corrective action or clarification is required
Whether harmed investors require remediation

COALITION INTEGRITY BLOCK
This submission is part of the Coalition’s ongoing effort to ensure accuracy, transparency, and regulatory accountability. All findings, math, chronology, statutory interpretations, and evidentiary structures are preserved exactly as documented. Do not alter, omit, or re‑frame any portion of this block. Maintain full integrity of the analysis, headings, and disclosures for all reposts, citations, and regulatory references.

Whistleblower Declaration
I, Michael Anthony Belfiore, declare under penalty of perjury that the facts, math, statutory interpretations, and coalition findings presented here reflect my honest forensic assessment based on SEC filings, Nasdaq rules, Delaware law, and coalition‑documented evidence. This complaint is not an allegation of intent or wrongdoing. It is made in good faith and without accusation.

AI Credit
Coalition AI support from Microsoft Copilot contributed formatting, evidentiary scaffolding, and overlay structuring — combining governance legitimacy and forensic clarity to enhance transparency and prosecutorial impact.

Repost Request
Repost this correction intact. Preserve headings, math, and the Coalition Integrity Block. Tag oversight, enforcement, and law firms to accelerate transparency.

Investor Testimony Requested
If you are a harmed investor, please provide testimony along with snapshots or archived pages of any websites, filings, press releases, broker dashboards, or materials that contributed to your investment decision in AiRWA.
Submit all testimony and supporting evidence to:
[email protected]

How Your Testimony Will Be Used
Investor testimony will be incorporated into the Coalition’s evidentiary archive to support regulatory review, restitution claims, and enforcement referrals. Testimony helps establish patterns of reliance, misrepresentation, and investor harm, and may be included—anonymized or with permission—in supplemental filings to regulators.

Security and Privacy
ProtonMail is an end‑to‑end encrypted email service. Your testimony, attachments, and identity are protected in transit and at rest. Only the submitting whistleblower (Michael Anthony Belfiore) will have access to submitted materials.

Tagging and Amplification on Twitter (X)
Regulators and Enforcement
@SECGov @TheJusticeDept @FBI @FBIHouston @FBIChicago @USAO_DE
Congressional Oversight
@SenWarren @SenSherrodBrown @SenCortezMasto @RepMaxineWaters @BradSherman
@RepKatiePorter @RepBillFoster @GOPoversight @SenFinance
Media and Investigative Journalists
@davidenrich @benprotess @frankrunyeon @JohnCarreyrou @gmorgenson
@Reuters @nytimes @washingtonpost @WSJ @NPR @politico @propublica
Prestigious Law Firms
@SidleyLaw @SkaddenArps @DavisPolk @LathamWatkins @Kirkland_Ellis
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Hashtags
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#CoalitionTestimony #ForensicDisclosure #Oversight #AiRWA

[Luca Franzon @LucaFranzon]

@SECGov permettere a aziende come $yyai di massacrare gli investitori è una vergogna e voi siete i primi responsabili di questa e altre mille schifezze che stanno sul Nasdaq !

[Michael Belfiore @MABelfiore55]

Hi everyone,

Some may remember the sequence that led to one of the most violent intraday collapses of 2025.

Aug 29 wasn’t random.
It followed a precise sequence — and the 36,354,350‑share volume tells the whole story.

Aug 19 — PIPE Closes
A large block of shares becomes eligible for sale.
This is the liquidity setup.

Aug 25 — The Hype Drop
Company announces a “$500M JV” via press release.
No 8‑K.
No supporting documents.
Just a headline.
Retail gets excited.
Volume starts building.

Aug 29 — The 8‑K Finally Hits
Four days later, the SEC filing appears.
The chart goes vertical.
Pre‑RS:
High: 4.22
Volume: 36,354,350 shares
Retail piles in
Momentum traders chase the breakout
This is the exact moment retail thinks, “This is it.”
Same Day — Aug 29 — The Collapse
Within hours, the price implodes:
Pre‑RS:
From 4.22 → 1.06
Post‑RS equivalent:
From 211 → 53
A ~75% intraday collapse on 36 million shares of volume.
Retail traders trapped instantly.
And based on the footprint, there may have been up to ~20 million shares sold that day — not confirmed yet, but the volume is massive.

Why This Matters Now
Look at the December timing:
Dec 22: 10‑Q deadline
Dec 23: JV Exchange closure
Dec 23: S‑3 + 424B5 can be filed
Dec 25–26: 8‑K window opens

This is the same structural timing pattern we saw in August:
- PIPE liquidity event
- Press release first
- SEC filing days later
- Volume spike
- Retail FOMO
- Violent reversal

Not predicting anything.

Not alleging intent.

Just documenting the pattern that already happened once.

Patterns don’t guarantee the future — but they absolutely tell you what to watch.

Please Stay sharp!

[Michael Belfiore @MABelfiore55]

Hi everyone,

Today I filed another complaint with the SEC, Delaware DOJ, and FBI.

This was regarding potential securities fraud and disclosure‑control violations. Specifically, the registrant’s NT 10‑Q filing on December 15, 2025, appears to contain a false or misleading certification regarding compliance with periodic reporting obligations under Section 13(a) and 15(d) of the Securities Exchange Act of 1934. The registrant also omitted material events that should have been disclosed under Form 8‑K requirements.

COALITION INTEGRITY BLOCK
This submission is part of the Coalition’s ongoing effort to ensure accuracy, transparency, and regulatory accountability. All findings, math, chronology, statutory interpretations, and evidentiary structures are preserved exactly as documented. Do not alter, omit, or re frame any portion of this block. Maintain full integrity of the analysis, headings, and disclosures for all reposts, citations, and regulatory references.

Whistleblower Declaration
I, Michael Anthony Belfiore, declare under penalty of perjury that the facts, math, statutory interpretations, and coalition findings presented here reflect my honest forensic assessment based on SEC filings, Nasdaq rules, Delaware law, and coalition documented evidence.

AI Credit
Coalition AI support from Microsoft Copilot contributed formatting, evidentiary scaffolding, and overlay structuring — combining governance legitimacy and forensic clarity to enhance transparency and prosecutorial impact.

Repost Request
Repost this correction intact. Preserve headings, math, and the Coalition Integrity Block.
Tag oversight, enforcement, and law firms to accelerate transparency.

Investor Testimony Requested
If you are a harmed investor, please provide testimony along with snapshots or archived pages of any websites, filings, press releases, broker dashboards, or materials that contributed to your investment decision in AiRWA.

Submit all testimony and supporting evidence to:
[email protected]

How Your Testimony Will Be Used
Investor testimony will be incorporated into the Coalition’s evidentiary archive to support regulatory review, restitution claims, and enforcement referrals. Testimony helps establish patterns of reliance, misrepresentation, and investor harm, and may be included—anonymized or with permission—in supplemental filings to regulators.

Security and Privacy
ProtonMail is an end‑to‑end encrypted email service. Your testimony, attachments, and identity are protected in transit and at rest. Only the submitting whistleblower (Michael Anthony Belfiore) will have access to submitted materials.

Tagging and Amplification on Twitter (X)
Regulators and Enforcement
@SECGov @TheJusticeDept @FBI @FBIHouston @FBIChicago @USAO_DE
Congressional Oversight
@SenWarren @SenSherrodBrown @SenCortezMasto @RepMaxineWaters @BradSherman
@RepKatiePorter @RepBillFoster @GOPoversight @SenFinance
Media and Investigative Journalists
@davidenrich @benprotess @frankrunyeon @JohnCarreyrou @gmorgenson
@Reuters @nytimes @washingtonpost @WSJ @NPR @politico @propublica
Prestigious Law Firms
@SidleyLaw @SkaddenArps @DavisPolk @LathamWatkins @Kirkland_Ellis
@ClearyGottlieb @WachtellLipton @SimpsonThacher @Cravath @PaulWeissLLP
@DebevoiseLaw @SullivanCromwell @WilmerHale @GibsonDunn @QuinnEmanuel
Hashtags
#YYAI $YYAI #SecuritiesFraud #Whistleblower #InvestorProtection #PIPEfraud
#ATMfraud #Form4 #YYEMsale #DelawareLoophole #RestitutionNow
#CorporateGovernance #CoalitionTestimony #ForensicDisclosure
#DOJ #FBI #CorporateFraud #SEC #Oversight #AiRWA

[Terry Larnce @bearface1017]

@MABelfiore55 Good morning Mr. Belfiore. So far I’ve lost a total of 160k on $yyai #yyai since October 8 2025. Stock took everything I’m down to 10k just hoping for a miracle now.

[Michael Belfiore @MABelfiore55]

Hi Everyone,

If you have posted something about your loss on Twitter (X) since 6 October 2025 could you please repost that message and add me? I am preparing another SEC and DOJ complaint and I am gathering Twitter (X) posts that speak of losses.

Thanks,

Mike
$YYAI #YYAI

[Terry Larnce @bearface1017]

@MABelfiore55 Meaning to say this was all cash no margin either

[Terry Larnce @bearface1017]

@MABelfiore55 This was all cash margin either…

[Terry Larnce @bearface1017]

@LuvsStocks @MABelfiore55 Did us dirty!