Wednesday, August 30, 2017 3:38:22 PM
"reserving initially 933,333,334 shares for conversion"
The settlement was for $220k less the $11k already converted last March.
$208k is due...if it's going to be done...then we'll see more days like this.
The conversion document calls for, and Finra rules, prevent anything more than 4.9999 percent for each conversion. Otherwise Auctus would be subject to disclosure rules, i.e. being a 5 percent holder. Read the agreement, it states that to be the case.
It's possible they sold 3.3mil shares today, if this is the conversion then they'll do the same tomorrow and Friday with a new conversion on Monday.
Stay tuned...
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