Santo Mining Corp (SANP)

[Maker13]

Reply:

One O'Clock Drop,


Getting close to the 5 Billion mark. I'm waiting to see if it caps out at 5 Billion..or goes over.


If it does, my next guess would be 5,827,124,998



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Reference Notes regarding PR on 03/09/2016:



Total: 9,500,000,000 T/A shares

5,000,000,000 authorized common shares

3,101,350,502 common shares that cannot be issued

500,000,000 preferred stock shares for voting control

71,524,500 restricted common shares



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9,500,000,000 - 500,000,000 = 9,000,000,000

9,000,000,000 - 3,101,350,502 = 5,898,649,498

5,898,649,498 - 71,524,500 = 5,827,124,998

5,827,124,998 - 5,000,000,000 = 827,124,998


827,124,998...?



The excerpt is from the PR dated 03/09/2016

The company increased its authorized treasury stock from 5,500,000,000 to 9,500,000,000 (of that 500,000,000 are preferred stock for voting control and the remaining are common shares) with a par value of $0.0001. The Board of Directors have increased the authorized treasury stock in preparation of its restructuring plan, growth phase and certain key acquisitions of revenue generating private companies targeted over the next 30 to 60 days. The Board wants to elaborate further that it is only interested in (in talks with) preferred and/or restricted equity deals for takeovers & acquisitions.

The Company had a total of 5,000,000,000 authorized common shares in its treasury and of that only 1,898,649,498 are currently issued and outstanding (1,827,124,998 common and 71,524,500 restricted common). However, it’s important for our shareholders and the market to understand that 3,101,350,502 shares of the company’s common stock in the treasury must remain in reserve, which the Company cannot issue. Because the company must leave the 3,101,350,502 shares of common stock in reserve at all times it leaves the company with no additional common shares in treasury to access for advancement, development, growth and/or takeovers. This is why it was crucial for the increase in the authorized shares of common stock to 9,000,000,000 in order to allow for the upcoming rapid growth and potential acquisitions. This now permits the company access to additional preferred and/or restricted common stock needed in order to facilitate the next stage of growth and to increase value to shareholders through certain targeted revenue generating acquisitions.




https://ih.advfn.com/p.php?pid=nmona&article=70695439&symbol=USOTC%3ASANP



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One O'Clock Drop Member Level Monday, 10/16/17 04:26:24 PM
Re: None
Post #
44496
of 44512 Go

Email from TA today. Same as on Friday.

Good afternoon. Please see the numbers below as of 10/16/2017.

Authorized: 9,500,000,000


Issued: 4,927,137,323


Restricted: 71,524,500

Have a good day.

Regards,
Johnnie