No Borders Inc (NBDR)

[justdafactss]

Just stating what OTC Markets and the filing says, nothing more, nothing less---

DILUTION
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If you purchase shares in this offering, your ownership interest in our Common Stock will be diluted immediately, to the extent of the difference between the price to the public charged for each share in this offering and the net tangible book value per share of our Common Stock after this offering.
https://www.sec.gov/Archives/edgar/data/1091418/000146970920000011/nbdr253g2_032420apg.htm

The Shell Risk designation indicates that a company displays characteristics common to Shell Companies. This designation is made at OTC Markets’ sole and absolute discretion based on an analysis of the company’s annual financial data and may differ from issuers’ self-reported shell classifications in their own public filings. Our analysis evaluates asset composition, operational expenditures, and income related metrics. No action is required by a company to perform the evaluation other than publishing current annual financial information.

https://www.otcmarkets.com/glossary#shell-risk