Friday, October 14, 2016 12:53:13 PM
Here is proof of the large amounts of dilution that will be coming as soon as the restriction is over on 9/30/17.
(1) Represents 1,093,475,856 shares of common stock into which 571,304 shares of Series B Convertible Preferred Shares held by Ronald Dombrowski are convertible. Each share of Series B Convertible Preferred Stock is convertible into 1,914 shares of common stock.
(2) The percentages set forth in this column are based on 13,941,616,119 shares of the Issuer’s common stock projected to be issued and outstanding after the capital adjustment contemplated by to the Share Exchange Agreement dated September 30, 2016 (the “Share Exchange Agreement”) and upon conversion of all Series B Preferred shares outstanding after the Share Exchange Agreement into 12,552,671,663 shares of the Issuer’s common stock and after the capitalization of the Issuer allows for such issuances.
Recent CRTG News
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/31/2023 10:43:10 PM
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