ALR Technologies SG Ltd (ALRTF)

[Vandalayind]

Per the filing on August 21st the O/S was 8.6 Billion. Is this not accurate? Was there a reverse since then?




"On August 10, 2017, Bellarine and the Issuer entered into a redemption agreement relating to certain shares of Issuer’s convertible preferred stock owned by Bellarine. Pursuant to the redemption agreement, Issuer issued 500,000,000 shares of common stock to Bellarine in redemption of the outstanding convertible preferred stock.

Pursuant to the redemption agreement, Issuer also issued to Bellarine a warrant to purchase 250,000,000 shares of Issuer’s common stock. The warrant will be exerciseable, at a fixed exercise price of $0.003, on the issuance date through the first anniversary of the issuance date. The warrant may not be exercised if, after giving effect to the exercise, the holder of the warrant, together with its affiliates, would beneficially own in excess of 9.99% of the outstanding shares of Issuer’s common stock

Accordingly, Bellarine has beneficial ownership of 750,000,000 shares of Common Stock. Such shares would result in beneficial ownership of 8.00% ownership of the Company’s Common Stock, based on (i) 8,625,814,462 shares of Common Stock outstanding as of August 16, 2017 and (ii) including as outstanding all of the shares issuable in connection with the warrant."