Wearable Health Solutions Inc (WHSI)

[rokkdatstock]

They just keep taking-----On July 29, 2016, the Company issued an aggregate of 35,500,000 shares of common stock of the Company, par value $0.0001 per share, to certain management, employees and consultants for past and future services rendered (the “Shares”). The Company’s CEO, Ronnie Adams received 30,000,000 of such shares and Allen Polsky, a director of the Company received 2,500,000 of the Shares. Following the issuance of the Shares, the Company has 43,374,177 outstanding shares of common stock. The Shares represent approximately 12.14% of the Company’s common stock outstanding on a fully-diluted basis if all outstanding securities convertible into or exercisable for common stock were converted or exercised. The Company also received an additional 14,500,000 shares of common stock for future issuances to officers, directors and employees.
The Shares have not been registered under the Securities Act, or the securities laws of any state, and were offered and issued in reliance on the exemption from registration under the Securities Act, afforded by Section 4(a)(2).----------------------Why not share who the "certain consultants" are??? I'm sure that would be interesting. But thanks for issuing yet another 50 million shares to the ones who presided over the total failure of MDHI/WHSI???? I mean, after all...."At this point what difference does it make" (stolen from another total liar, Hillary Clinton)