Resonate Blends Inc (KOAN)

[Exitech]

Company Increases Share Count Needs Money!

The Company Increased Authorized Shares To 750,000,000 From 250,000,000 While Claiming To Reduce Outstanding Shares By 325,000,000 From 107,000,000.


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

Reasons for the Increase of Authorized Common Stock

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.

From The Most Recent 10Q

http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=10873096

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. The company’s ability to continue as a going concern is contingent upon the successful completion of additional financing arrangements and its ability to achieve and maintain profitable operations

That "Financing" May Be The Additional Shares Pumped Up To A Higher PPS On Deception And Sold Without Shareholder Approval.

TXHD