Friday, June 12, 2020 4:13:14 PM
In wrapping this up, there were a total of 1,624,197,000 outstanding shares on the date of record meaning that approximately 135,349,750 shares had to be set aside for the 12 for 1 spinoff. Now, Subtract Buzzy's shares and it leaves our share of the spinoff which is 67,378,917 shares. And, if the deal was done by the end of Q1 then by the end of Q3 the holding period will be done. At that time the preferred shares will convert to common shares and can be issued directly to the VGID shareholders of record sometime after Q3, 2020. Finally, I'm not holding my breath but I am hopeful especially with the press releases this company has put out already, potentially $1 million per month revenues over the next 14 months, woohoo! Go $LOFB...
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