Tuesday, November 01, 2016 5:09:53 PM
They will also need to increase the OS to ensure sufficient capitalization and a market cap reflective of their cash/ assets / intellectual property / etc.
A registration statement should be forthcoming shortly as it looks like they intent to move this through the pipelines quickly. Constructing the float like that is probably to ensure the shorts don't try anything stupid...though the OS increase will gradually add to the float after the RS. There are / will be restrictions on shares being made available. I don't know what those details are, however.
Lastly, keep in mind that this will be a different company....not the one that went from $8 to 35-cents.
Axis Technologies Group and Carbonis Forge Ahead with New Digital Carbon Credit Technology • AXTG • Apr 24, 2024 3:00 AM
North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • NBRI • Apr 23, 2024 9:41 AM
Epazz, Inc.: CryObo, Inc. solar Bitcoin operations will issue tokens • EPAZ • Apr 23, 2024 9:20 AM
Avant Technologies Launches Advanced AI Supercomputing Network and Expansive Data Solutions • AVAI • Apr 23, 2024 8:00 AM
BestGrowthStocks.com Issues Comprehensive Analysis of Triller Merger with AGBA Group Holding Limited • AGBA • Apr 22, 2024 1:00 PM
Cannabix Technologies to Present Marijuana Breathalyzer Technology at International Association for Chemical Testing (IACT) Conference in California • BLO • Apr 22, 2024 8:49 AM