Friday, November 17, 2017 6:18:53 AM
shares will be issued at a 50% to the market price
initially reserved 208,000,000 of its shares with its stock transfer agent
And they will CONTINUE to issue until the debt is paid-off with the receiver who is only allowed to get up to 9.9% beneficial ownership.
With MOST OF THE CURRENT A/S already in the market, they HAVE TO INCREASE the A/S to cover the issuances and the receiver HAS TO SELL to get the money back. When they get done with the dumping of the first allotment, they review how much they made and deduct it from the balance due. At this time MORE SHARES GET ISSUED as long as there is a balace to be covered.
How many share at does one need to sell at current PPS in order to pay-off $188,919.62?
A LOT! Investors getting PLAYED by those reductions. No doubt the negotiations concerning the payment were already probably when the company pulled the reduction HOAX.
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