Branded Legacy Inc (BLEG)

[justhefax]

RECENT SHARE - DILUTION?

The current is the current listing for elev8 on OTC

Share Structure
Market Value1 $7,840,197 a/o Nov 30, 2016
Authorized Shares 900,000,000 a/o Nov 30, 2016
Outstanding Shares 746,685,396 a/o Nov 30, 2016

NOTE - end of October after retirement of 200mm there were 686,685,396.
This is a 60mm or almost 8% added shares with no notice/


-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float 2,154,029 a/o May 24, 2016 - This is not likely going to hold one the filings come out
Par Value Not Available

It seems they have ALREADY diluted after retiring shares?? The last PR showed a reduction of 200mm shares. If the company does not honor the first basic claim in the PR of the acquisition, and already dilutes then we will be very very hard pressed to move forward. Kona trades at .003...and has a similar structure (unless we retire shares)....and Elev8 has not even started biz yet.

I hold lots - eager to be positive...but was surprised by this...thoughts anyone?