Resonate Blends Inc (KOAN)

[mdimport]

Exchanged does not equal returned

On May 9, 2019, we entered into an Exchange Agreement (the “Agreement”) with our officer and director, Mr. Wais Asefi, pursuant to which we agreed to exchange Mr. Asefi’s 1,750,000,000 shares of common stock in our company for 2,000,000 shares of our newly created Series C Convertible Preferred Stock.



http://ih.advfn.com/p.php?pid=nmona&article=74562704

exchange

verb (used with object), exchanged, exchanging.
1.to give up (something) for something else; part with for some equivalent; change for another.

2.to replace (returned merchandise) with an equivalent or something else:
Most stores will allow the purchaser to exchange goods.

3.to give and receive reciprocally; interchange:
to exchange blows; to exchange gifts.

4. to part with in return for some equivalent; transfer for a recompense; barter:
to exchange goods with foreign countries.

http://www.dictionary.com/browse/exchange