Freeze Tag Inc (FRZT)

[tigerpac]

Just reviewed the 10-Q...looks like sales increased 10% quarter over quarter, hopefully due to Munzee special releases and Zee Tours.




They included some language that wasn't in last quarters report (in bold):

The computation of basic earnings per common share is based on the weighted average number of shares outstanding during the period. The computation of diluted earnings per common share is based on the weighted average number of shares outstanding during the period plus the weighted average common stock equivalents which would arise from the exercise of stock options, warrants, convertible preferred stock and other rights during the period.

For the three months ended June 30, 2018, the diluted weighted average number of shares includes 18,991,250 common shares issuable upon conversion of related party convertible debt. For the six months ended June 30, 2018, the diluted weighted average number of shares is the same as the basic weighted average number of shares as the inclusion of any common stock equivalents would be anti-dilutive. For the three months and six months ended June 30, 2017, the diluted weighted average number of shares is the same as the basic weighted average number of shares as the Company did not have any common stock equivalents.

Also another subsequent event:

On July 30, 2018, the holder of 55,000 shares of our Series B convertible preferred stock converted the shares into 2,750,000 shares of our common stock pursuant to a notice we received on July 27, 2018 to convert those shares.

It doesn't appear much of the stock has been sold since that conversion. You'll have to watch the volume to see IF it gets sold. If they can get some traction on the stock and create some good news, it's possible the stock won't get sold right away.