Bowmo Inc (BOMO)

[doogdilinger]

scottie, read my yellow sticky! This is nothing more than a proposed financing registration statement filed with FINRA ok!

But S1 financing means the share price itself has to be trading at a minimum of .01 share price or above! So whenever any OTC company trading at sub-penny levels files an S1 registration statement with FINRA they have to include language that protects them if the future day ever does come that they elect to file for an "effective S1 date" with FINRA and are still trading at sub-penny levels that they can then file with FINRA for a reverse split that would result in plus penny share price levels ok!

Buuuuuuuuuut with all that said...it's nothing more than a worst-case backup plan directly tied to the -15% proposed S1 financing commitment outlined in the S1 financing commitment! In order for UHLN to even dream of filing for a reverse split at some future date they would first have to mail out a Shareholder Proxy Notice and announce their reverse split intentions! Then and only then could they even file with FINRA for an S1 effective date ok!

So right now there's absolutely no reverse split coming here on UHLN...the proposed S1 financing just provides UHLN with potential friendlier financing at only a -15% discount to market...if by the end of this year UHLN's/CRUZANI's share price is trading at a penny or above...and if it's still trading at sub-penny levels and UHLN does want to move to S1 financing...then and only then they can file to make the S1 effective with FINRA and mail out a shareholder proxy vote...and both material developments will take a minimum of 60 days...and the market will therefore have over 2 full months of notice if that future day/decision ever comes that they want to secure S1 financing and need a reverse split because they're still trading at sub-penny levels!

If anything filing the S1 registration with FINRA tells the market that they believe they deserve to be trading at a much higher market cap...and it's hard to argue with that fact since their fully audited fins already reflect/prove that they have $7M in assets on their books and are now driving over +$1M in revenues per year from Oventa with more Oventa revenue growth coming...and their Recipe Foods acquisition closing should be arriving soon too...which will increase their revenue growth even more cheers!