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TheLastOneSitting

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TheLastOneSitting

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Wednesday, 11/04/2020 11:55:28 AM

Wednesday, November 04, 2020 11:55:28 AM

Post# of 13116
Rights offering filed with SEC for shareholders as of 10-30-2020, granting shareholders the right to purchase shares at $.05 for each share they owned as of the record date of 10-30-20. Rights expire 12-15-20.

127,522,227 shares being offered for $ 6,376,111.35 in proceeds. Rights are non-transferable but looks like rights not executed can be resold by the company to third party investors. This is the same price CEO Sidney Chan just did in retiring $12,000,000 in debt for shares at $.05.

https://www.sec.gov/Archives/edgar/data/1087022/000172186820000488/f2salr102320s1.htm
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