Sunday, August 28, 2016 5:17:44 PM
"The Company is authorized to issue up to 35,000,000,000 shares of $0.0001 par value common stock, of which 11,937,670,076 and 8,888,809,250 shares were issued and outstanding as of June 30, 2016 and December 31, 2015, respectively. On June 15, 2016, the board of directors approved the increase of the total amount of authorized shares of common stock from 13,000,000,000 to 35,000,000,000."
https://www.sec.gov/Archives/edgar/data/1156784/000121465916013234/j8916310q.htm
Right now, the issued toxic death spiral convertible debt converts into over 90 BILLION new shares. The recent increase in the A/S is to accommodate a portion of those shares, although the Company is now assuming that over 70 billion new shares will definitely be issued. Soon.
Recent COWI News
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