Monday, February 09, 2015 3:19:11 PM
Free-trading shares of TWDL, GEAR, HALB (shown as Tykhe), CWIR (shown as Fuzznbuzz) and ENTI (shown as National Properties) are also being issued as can be seen in the two screen shots from the Disclosure Memorandum. This is a mass dilution scheme to enrich Randall Goulding as well relatives and associates including Cliff Pope, CEO of IJJP (see Pope Enterprises in the screen shots).
According to the quarterly report for QE 10/31/14, IJJP had 1,166,384 000 common shares outstanding:
http://www.otcmarkets.com/financialReportViewer?symbol=IJJP&id=132178
The company profile on OTC Markets was recently updated to show 2,187,251,895 common shares outstanding as of 1/29/15:
http://www.otcmarkets.com/stock/IJJP/profile.
The difference of 1,020,867,796 is shown in the Disclosure Memorandum as being issuable in the first tranche.
There are two more tranches coming which will be based upon the average closing share price 4 days before each issuance. The tranches are 75 days apart and the fist tranche was likely issued in late November or early December. The next tranche could be issued soon.
Confidential Private Disclosure Memorandum:
http://www.cannabisheadliners.com/images/PDF/4_disclosure_memorandum.pdf
The total number of shares that would have been issued given the share price calculation was nearly 2.1 billion:
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