Resonate Blends Inc (KOAN)

[Exitech]

Company Triples A/S Claiming Reduction Of Phantom O/S!

Company PR Said They were Reducing O/S By 325 Million Shares That Didn't Exist While Tripling Authorized Shares.

O/S Was 107,738,595 According To OTC Markets And Still Is. Authorized Shares Were 250,000,000 And Now Are 750,000,000.

http://www.sec.gov/Archives/edgar/data/897078/000149315215004704/def14c.htm

Pre14C Reasons For Increase

Increasing the authorized number of shares of the Common Stock will give the Company greater flexibility and will allow the Company to issue such shares in most cases without the expense or delay of seeking stockholder approval.

They Also Had "Concerns In The 10Q

We anticipate needing approximately $1,000,000 in the next 12 months. We only have $9,235 in cash as of June 30, 2015 and this amount is not sufficient for our needs.

And

As of June 30, 2015, the Company has an accumulated deficit of $942,046.

Let's See, They Need Money Have Debt And Increased Authorized Shares For Who?

No Way They Are Trying To PUMP UP PPS To DUMP Any Of The New Shares, Right!


Be Very Careful With This One! Absent A Major Change In Fundamentals This Has All The Characteristics Of A Share Selling Enterprise.

TXHD