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Re: None

Tuesday, 10/06/2020 6:07:54 PM

Tuesday, October 06, 2020 6:07:54 PM

Post# of 29429
I think you may be misreading this document. It says that the par value of the stock is $.0001 which indeed would be $6800.
The Par value is just something all companies do.

"These days, the only thing that par value really matters for is in calculating how much you have to pay for your founders stock, as, assuming you purchase your founders stock when you first form the corporation, you will take the number of shares received times the par value, and you will pay that into the company to buy your shares."

https://capgenius.com/2011/02/27/set-the-par-value-for-your-common-stock-absurdly-low-heres-why/

In any case, I contacted IR to see what they say.