Monday, January 22, 2018 2:05:11 PM
with substantial interests or directorship of the company. All of our officers and directors as a group control 62,852,500 shares or 23%.
Of our 351,229,209 issued and outstanding shares, 185,693,772 are currently free trading. In addition, we believe that approximately 87,739,892 shares are currently restricted but are presently eligible or become eligible to become free trading under Rule 144 under the Securities Act of 1933, as amended, in the next six months. In addition, each of our officers, directors or affiliates, who own an aggregate of 62,852,500 shares may sell 1% of the Company’s outstanding shares (approximately 3,512,292 shares) every three months under Rule 144.
As of August 31, 2017, we had 131 shareholders of record and 351,229,209 common shares issued and outstanding. The number of holders does not include the shareholders for whom shares are held in a "nominee" or "street" name or as an escrow agent.
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