Thursday, February 23, 2017 4:22:03 PM
Followed by a 1,000 R/S
A/S = 4,010,000,000
O/S = 2,200,600,000
Difference = 1,809,400,000 <--- debt settlement will come from here.
http://www.otcmarkets.com/stock/TXHD/profile
After debt settlement Wais will own 2,006,240,207 shares, still have majority control of $TXHD to effect a large R/S.
Here's the ownership math:
4,010,000,000 (A/S) - 2,006,240,207 (Wais shares) = 2,003,759,793 maxed out non-Wais shares
2,006,240,207 Wais shares - 2,003,759,793 non-Wais shares = 2,480,414 shares in majority owners favor
2,480,414 are the majority shares required for a R/S.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11871122
"...On February 16, 2017, we issued a total of 2,000,000,000 shares of our common stock to our officer and director, Wais Asefi, as compensation for services rendered. ..."
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11871141
The paradox of iHub: buy high, sell low
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