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Monday, July 22, 2019 9:40:58 PM
Claiming that OTC never has to file is bizarre, especially one that wants to a Reg A, Tier 2 funding... hint: go back to Xtra Bitcoin and their previous merger.
But I suspect in this case, with the cancellation of the R/S that we'll see Preferred Shares being issued and I promise that if you are buying this you will not get the same terms as the Preferred.
REG A and TIER 2 funding lol why would a ceo that wants loyal shareholders and pps to increase as the company builds do a reg A or tier 2 ? you obviously do not know what those do to a stock
and preffered shares are great for a company that is looking at $10m revs once operational because as stated earlier rule 144 applys and none of those shares can be converted or sold into the market for minimum 6 months and if xtra chooses to SEC report then its a minimum of 12 momths
and with preferreds being otc when they do want to sell they are only allowed to sell 1% of the O/s every 3 months. so only 0.33% of the o/S cn be sold per month thats 5.6m shares a month dilution
with a reg a or tier 2 you are looking at nearly instant dilution
also with preferred xtra can buy them back at anytime without the preferred holders approval
i am done now for the day tired of schooling amatuers
trimark mm reverse merger specialist 20+
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