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Re: LCJR post# 68332

Thursday, 10/01/2020 2:05:43 PM

Thursday, October 01, 2020 2:05:43 PM

Post# of 73425
They appear to have added several points that they hadn’t stated before that are very specifically covering potential issues they created last year.

I’m also confused about how the share structure is supposed to work after they try to sell these 7.5 million shares:
-the OS is currently 1 million
-they recently added 900k warrants when they got rid of the convertible notes
-currently attempting to sell and add 7.5 million shares to the OS
-they previously signed a deal with an institutional investor to sell them 1 million shares as well, is that still happening?
- the way the C shares work, they equate to 2.67x the amount of outstanding shares, the AS at 15 million would no longer support that after this offering, meaning another RS would be required to allow for that to work?

It’s like they have several different share selling methods going on at once and they’re all creating a big jumbled mess.

Assuming they somehow sell all these shares(unlikely) they will have diluted shareholders to less than 5% of their original holding following this most recent RS.

Gives me a headache trying to keep up half the time lol
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