This section of the LOI shows that the OS is 899,530,798. Meaning that ELTZ is saying that it is unchanged since Feb 20, 2018..they are representing to the merging co...I am a forensic accountant and companies always get sued for reps and warranties that are false. If the OS were different, they would have disclosed the amount.
9. Pubco represents and warrants the following:
a. Other than for the undesignated authorized shares of Preferred Stock as stated in Pubco’s financial filings, Pubco has no other authorized or issued classes or series of shares other than the following:
i. Common Stock, of which 899,530,798 shares were issued and outstanding as at February 20, 2018, the date of Pubco’s latest financial filing with the SEC;