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Incorrect. The AS is still 300 mill.

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Beandog Member Level  Tuesday, 08/06/19 10:43:52 AM
Re: stockaudit post# 10976
Post # of 21007 
Incorrect. The AS is still 300 mill. The 106 million shares will not be issued unless the deal falls through.

If the deal is consummated with Ontario, the notes will paid in cash instead of the 106 million shares. If they get the funding, the 106 million shares will never be issued.

Read Jody’s reply again. Copied below for your convenience.

Clarification from Jody Read this morning via LinkedIn.

Quote:
Xxxx, you are correct that there is only 300 million shares authorized. There are 106 million that is outstanding and tied to the lien holders. Our plan is that once we have funding, we will pay off the notes and the 106 million will never be issued.



Screenshot below...



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