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Monday, June 10, 2019 8:55:12 PM
I don't understand why people are excited about this horrible resale of insiders stocks to the tune of 1.2 billion shares...The rich dude will be making a lot of money....He bought his shares at 0.00135.
This prospectus relates to the resale from time to time by the selling security holders identified herein of up to an aggregate of 1,174,253,333 Resale Shares consisting of 594,253,333 shares of our Common Stock and 580,000,000 shares of our Common Stock issuable upon exercise of the Warrants.
The transactions by which the selling stockholders acquired their securities from us were exempt under the registration provisions of the Securities Act.
The Resale Shares referred to above are being registered to permit public sales of the Resale Shares, and the selling stockholders may offer the shares for resale from time to time pursuant to this prospectus. The selling stockholders may also sell, transfer or otherwise dispose of all or a portion of their shares in transactions exempt from the registration requirements of the Securities Act or pursuant to another effective registration statement covering the sale of those shares.
Beneficial ownership is determined in accordance with the rules of the SEC. The selling stockholder’s percentage of ownership of our outstanding shares in the table below is based upon 2,290,449,898 shares of Common Stock outstanding as of June 5, 2019.
https://www.otcmarkets.com/filing/html?id=13482020&guid=GGqyUKfz-6TnRyh
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