Wednesday, September 09, 2020 9:20:21 PM
The OS (outstanding shares) are 2.55B and the AS (authorized shares) are 2.75B, so there's room for 200M more shares to be issued at some point. Both of these figures include the 10M preferred shares. So this just reflects the 2% OS increase we already knew about back in July along with an 8% increase in authorized shares, which is frankly the smallest AS increase percentage-wise that I've ever seen in the OTCs :)
This new OS includes the 50M shares we knew about for that July claim settlement, and it looks like they've issued just 14M shares for something we don't know about yet, since the previous OS was 2.486B. I'd guess the shares went to pay a lawyer or accountant, or possibly a PR person who's going to handle the merger news. Just guessing here.
All my opinion as always.
H
This new OS includes the 50M shares we knew about for that July claim settlement, and it looks like they've issued just 14M shares for something we don't know about yet, since the previous OS was 2.486B. I'd guess the shares went to pay a lawyer or accountant, or possibly a PR person who's going to handle the merger news. Just guessing here.
All my opinion as always.
H
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