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Saturday, November 21, 2020 1:47:02 PM
The increase in Authorized Shares, according to the 14C filing of 11/20/2020, is to safeguard the company against a potential hostile takeover, and provide opportunity for "officers, employees, directors, consultants...to acquire a proprietary interest in the company."
I highly doubt the company is going to dilute these additional shares because they have not increased the Issued and Outstanding shares, and the new shares are already earmarked for company employees, officers, etc. Dilution of shares that are not part of the Issued and Outstanding shares is IMPOSSIBLE.
If an outside party wanted to attempt a hostile takeover, it would have been too easy with the share structure Innocap had in place.
This is just an adjustment to better suit the needs of the larger, merged in company.
They expressly provide documentation that the A/S increase will NOT affect current O/S.
Read the filing folks! Here are some key points.....but use the link to look it over for your own peace of mind. There's no nasty stuff like splits, dilution, toxic financing, or excessive debt.
This filing is so clean, we could wash our hands with it!!!! Huge company moving into an OTC company's shell, there will be adjustments.
I understand the filing is lengthy and some might not want to read it. If that's the case, just search the document for key words, or better yet, get a text to speech add on and let your machine read it to you!
The only way to know and understand exactly what the filing says is for each person to review it themselves. Otherwise there are many interpretations that might or might not be accurate.
https://www.otcmarkets.com/filing/html?id=14517966&guid=t4WeU6AKM5NG_3h
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