My calculations: Initial Issuance: June 1, 2018.
Calculation Dates are the date of the Initial Issuance, and six subsequent dates that are each separated by intervals of three weeks. 6 X 3 wks = 18 wks (4 month and 2 wks)
Calculation Dates: June, July, Aug, Sept, + 2 wks into Oct
RAI selling should be finished the middle of Oct
Also: "After the Initial Issuance, and until the date that is 12 trading days following the last Calculation Date, RAI may sell no more than an aggregate of $75,000 of Common Stock every 12 trading days"
"PNTV (the Company) agreed to issue common stock to RAI in exchange for the settlement of outstanding claims against the Company in the aggregate amount of $398,217.30."
If RAI can only sell $75,000 shares every 12 trading days, I would think that they may have sold all of the "Settlement Shares" by now.
They only need 5.3 Trading Days to sell all their shares ($398,217.30/$75,000= 5.3 trading days)
