Friday, September 22, 2017 11:57:45 AM
85b is owned by deepgreen - issued to qualify for a tax exempt merger per IRS regulation regarding controlling stake requirements
The other ~1.7b is owned by common shareholders.
The The other 13b has not been issued and will only be issued once the note holder exercises the right to do so, which it has yet to do for 3 years. I don't know the details of the note, but if it's traditional pinky terms, they'd get 4b.
200,000 converted at a 50% discount of lowest closing bid (.0001) = 4 Billion shares.
@OTCMondragon
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