Tuesday, February 14, 2017 7:13:25 PM
So assuming they bought shares PRE RS at .10 cents a share then 3.17M = $317K USD and / 25 gives you 126K shares so the 500K shares would be a sweetheart deal IMO. They got about FOUR times post RS given the above assumptions. Again, IMO. Maybe that was what was needed to acquire control of the shell and make the deal?
My guess is they are proceeding ahead and everybody knows this given the former insiders cancelling debt etc.
http://ih.advfn.com/p.php?pid=nmona&article=73861799&symbol=RTROD
On December 15, 2016, the Company owed approximately $317,000 in debt and related accrued interest payable to Borivoje Vukadinovic and Gary Agron ("Debt Holders"). The Company authorized a Debt Conversion Agreement, dated December 15, 2016, between the Company and the Debt Holders pursuant to which Debt Holders and the Company mutually agree to the following: 1) cancel approximately $292,000 of the total debt owed to the Debt Holders ("Debt Cancellation"); and 2) in consideration for Debt Cancellation, the Company will convert a total amount of Twenty-Five Thousand Dollars ($25,000), which is equal to certain amounts remaining owed by Company to Debt Holders into a onetime conversion ratio of 500,000 restricted shares of the Company's common stock (post stock split) to be valued at $0.05 per share. The balance of the debt of approximately $292,000 was canceled by the debt holders. The Debt Conversion Agreement was not executed nor the 500,000 shares issued as of February 10, 2017.
On January 3, 2017 the Company and Ammo, Inc. a Delaware corporation (Ammo), executed a binding letter of intent (LOI) whereby the Company and Ammo will execute a Plan of Merger Agreement in which the Company will acquire 100% of Ammo in exchange for up to 18,000,000 post-split shares of common stock of the Company. As of the date of this filing, the Company is still in due diligence stages and has no plans to finalize the transaction until the completion of the due diligence stage and final documentation.
When my time on earth is gone, and my activities here are passed, I want they bury me upside down, and my critics can kiss my ass!
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