In the filing, the share structure is:
Total shares authorized: 400,000,000 At June 30, 2019
Total shares outstanding: 299,336,000 At June 30, 2019
Number of shares in the Public Float: 51,324,658 at June 30, 2019
On OTCmarkets, the share structure (as recently verified) is:
Outstanding Shares 598,672,000 09/20/2019
Restricted 547,346,099 09/20/2019
Unrestricted 51,325,901 09/20/2019
So, all of those shares that got issued were restricted. The Bland/Jackson MO from SSOF would seem to be issuing unrestricted shares. But apparently not this time.
This is not the first filing that has been hard to understand. Check out SSOF's filings (going back through PROW, MBHC, and MMHC). Check out also the fiasco with the Greek restaurant, the purported involvement of Ho, and many more. Actually, I would give this WTKN filing high marks (if I was grading on a curve). And when they say current shareholders get 0.0165 shares per each current share, I would want to stay safely on the sideline.
I am obviously NOT an investment advisor.
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