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Thursday, July 30, 2020 2:28:58 PM
As the O/S increase was clearly & logically most likely related to the pending merger! Especially since the Preferred have been canceled!
So the only way to give control to the merging Company is to issue them shares to gain control of the common!
And a quick scan of PASO's last posted quarterly fins beautifully illustrates who got issued the approx 320M Restricted 144 Shares since the start of this calendar year, and all those Restricted 144 Shares come with an automatic vesting/holding period of a full calendar year!
In other words, none of them can even be deposited until next year, and even then, they're all owned by insiders/affiliates anyways. And affiliates fall under the SEC's strict insider/affiliate selling rules anyways choo-choo!
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