= DRUS = Update
Yesterday's drop could be due to authorized share increase to 6 Billion from 1.5 Billion. BUT the AS increase won't take place until February 24 which could allow the current run to resume.
(NOTE: Look at the date/time of 14C. Just goes to show share price factors "ALL" fundamentals ... LOL)
And the 14C may not be all that bad ... "The number of authorized shares is currently 1,500,000,000 and the Company would need to increase the number of authorized shares if TCA was to convert its convertible note into common shares. Currently, TCA has not indicated that it intends to convert its note.”
“We have no current plans, proposals or arrangements to engage in any corporate transactions that would require the issuance of the additional shares being authorized pursuant to this proposal”
"Date : 02/05/2019 @ 6:10AM
Source : Edgar (US Regulatory)
Stock : Drone Usa, (QB) (DRUS)
Quote : 0.0022 0.0 (0.00%) @ 7:19AM
SCHEDULE 14C
Information Statement Pursuant to Section 14(c) of the Securities Exchange Act of 1934
BANTEK, INC.
F/K/A DRONE USA, INC.
330 Changebridge Road
Pine Brook, NJ 07058
(203) 220-2296
Notice of Action by Written Consent of Shareholders to be Effective February 24, 2019
Dear Stockholder:
Proposal 1 To amend our Certificate of Incorporation to increase the number of authorized shares of common stock, $.0001 par value per share, from 1,500,000,000 to 6,000,000,000."
