Intellabridge Technology Corp (KASHF)

[User-65225]

Share structure DD: Why would most of the OS sell here if they paid .35? This OS is locked up at these levels....47,748,175 of the 56,471,844 OS paid .35 and much of the remaining shares are held by insiders who are limited on how much/fast they could sell, because they are affiliated. Share structure: https://www.otcmarkets.com/stock/CRBTF/security

On March 7, 2018, the Company completed a reverse acquisition transaction (the “RTO”), which was effected pursuant to an agreement and plan of merger dated January 9, 2018 between Westbay Venture Inc. and ChargaCard Inc.(“ChargaCard”), a private corporation incorporated under the laws of Delaware with its head office in Boulder, Colorado.
As part of the transaction, the Company voluntarily delisted from the TSX-V, effective February 28, 2018, changed its name to Cryptanite Blockchain Technologies Corp. and commenced trading its shares on Canadian Securities Exchange (“CSE”) on March 12, 2018, under the symbol NITE.
Pursuant to the RTO, the Company issued an aggregate of 39,558,733 common shares of the Company at a deemed price of $0.45 per share in exchange for all of the issued and outstanding shares of Chargacard and 2,000,000 share purchase warrants (“Merger Warrants”) to warrant holders of ChargaCard. On closing the RTO, ChargaCard became a wholly-owned subsidiary of the Company. The shareholders of ChargaCard owned approximately 70% of the common shares of the Company and, as a result, the transaction is considered a reverse acquisition of the Company by ChargaCard. The Company changed its year end from May 31st to December 31st in order to align the fiscal year periods of ChargaCard.
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Completed a non-brokered private placement of 8,189,442 common shares at a price of $0.35 (CAD
$0.45) per share for total gross proceeds of $2,858,279 (CAD $3,685,249). The Company paid finders’
fees totaling $65,131 and issued an aggregate of 184,299 warrants, each of which is exercisable to
acquire one common share of the Company at a price of CAD $0.45 per share over a period of one
year from date of issue. The Company recognized a fair value of $27,724 on the finder’s warrants.

They wont be selling at these levels imo. Their average is too high... All i see is across the board incentives for them to get the price higher and with BTC breaking out i think they will be able to.