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Wednesday, July 08, 2020 7:29:13 PM
Looking at the filings on page 13 item 7 it states:
7. COMMON STOCK
During the fiscal year ended March 31, 2020, the Company issued 8,131,000 common shares to finance the
repayment of some of the Company’s outstanding obligations.
On May 16, 2018, the Company signed a Letter of Intent to purchase the shares of Geoponics Inc. During the
fiscal year ended March 31, 2019, the Company issued 25 million shares to Geoponics in return for 100% of the
outstanding shares of Geoponics. In October 2018, the parties agreed to terminate the agreement. The 25 million shares issued to Geoponics were returned to the Company and the investment in Geoponics was written off.
So the share count was 26 million as of March 31, 2019 minus 25 million (return of Geoponics sahres) = 1 million plus 8.131 million shares issued due to conversions of debt to common shares. Total = 9.131 million common shares as of March 31, 2020. Check out table on page 4 clicking on the link below.
https://backend.otcmarkets.com/otcapi/company/financial-report/251267/content
Quote from your post below:
That is definitely a concern without a doubt, I should have asked him about that and I didn’t. Will reach out tomorrow to do so if attorney letter isn’t posted with clarification as to why or how that happened
$HRAL
Disclosure: My posts are just my opinion, not intended for investment advice. Do your own DD before buying, selling or holding securities.
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