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Friday, September 07, 2018 3:22:43 PM
https://www.sec.gov/Archives/edgar/data/1300938/000118518517000094/abcoenergy-s1_011817.htm
We are offering shares of our common stock. Our common stock is listed on the OTCQB under the symbol ABCE. We are selling up to 50,000,000 of our shares for purchasing by a third party. (See “Explanatory Note” below). Our last reported sale price on the OTCQB Market on January 13, 2016, was $0.0168 per share.
EXPLANATORY NOTE
This Registration Statement on Form S-1 (the “Registration Statement”) is being filed to register the sale of up to 50,000,000 Shares at negotiated prices in a directed offering by the Company. Such price will be set pursuant to a formula set forth in the Blackbridge Agreement. See below herein. See also “Plan of Distribution” contained in the Prospectus.
All share numbers herein have been adjusted to give effect to a 1 for 10 reverse stock split which became effective on January 13, 2017. See “Other Matters ” on page 30.
The Company has entered into Securities Purchase Agreement (“Agreement”) with Blackbridge Capital, LLC, a Delaware limited liability company, operating out of New York, New York (“Blackbridge”) whereby Blackbridge has agreed to purchase up to $5,000,000 worth of shares of the Company’s common stock. The Company has agreed to file this Registration Statement to register such shares for sale to Blackbridge. See “Plan of Distribution” contained in this Prospectus.
My posted comments are only my considered opinion based on the reality as I see it. Your reality may be different.
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