Adaptive Medias Inc (fka ADTM)

[goldpenny7]

Float shown as 9.5+mil on OTCmarkets. Conflict!

Maybe this would really fly is we get some of the below answers from the company and transfer agent. Questions about authorized common shares, outstanding commin & restricted shares, and the almost year - since the AdSupply merge LOI was to be signed.

Jerrod1:
In ADTM's last quarterly filing at the SEC on 07/29/2016 they reported having only 300,000,000 (million) common shares authorized, and 29,952,134 and 22,923,526 shares issued and outstanding at March 31, 2016 - See: https://www.sec.gov/Archives/edgar/data/1428397/000149315216011840/form10-qa.htm

YET, at OTCMarkets their Transfer agent verified: 14,000,000,000 (billion) a/o Jan 30, 2017

AND GET THIS - ONLY 9,527,384 (million) IN FLOAT a/o Apr 22, 2016 (verified by their Transfer Agent).
Reference: http://www.otcmarkets.com/stock/ADTM/profile

I THINK somone needs to call this transfer agent and ask what gives?

ALSO:

What has come of the last spring Report of an intent to merge with AdSupply? It's almost a year later and news is BLANK on that. Maybe someone could ask the company if that fell through or what? A whole year is a long time with no news news about that. Is that deal dead? These are a few questions Investors deserve answers to. The authorized common shares, the float, and what's with the AdSupply merge?


IRVINE, Calif., March 28, 2016 (GLOBE NEWSWIRE) -- Adaptive Medias, Inc. (OTCQB:ADTM), a video technology company that supports publishers, content producers and brand advertisers, today announced that it has executed a Letter of Intent (“LOI”) to merge with Los Angeles-based digital advertising technology company AdSupply, Inc. www.adsupply.com. Adaptive Medias will pay $8 million in cash and issue stock representing approximately 53% of the Company post merger to AdSupply in consideration for the merger.

In its first full year, the combined entity expects to generate more than $30 million in revenues and $2.5 million in earnings. The merged company will be consolidated into Adaptive Medias with its common stock continuing to trade under the ticker symbol “ADTM.” The new combined entity plans to apply for a listing on the NASDAQ following the closing of the merger.