Unique Logistics International Inc (UNQL)

[Almost A Myth]

Let's ask a simple question....

If the company added 300M shares to the A/S, and stated that it was to protect themselves from a hostile takeover....why would they turn around and dilute those shares into the market? It wouldn't make sense from the standpoint of having them as a safeguard against a hostile takeover.

If the company is worried about being the target of a hostile takeover, I think traders need to assess what that means as far as company value. It doesn't signal to me that they are about to screw all their new investors by diluting their safeguard shares. They also talked about what the shares were earmarked for.

It's all in the filing:
https://www.otcmarkets.com/filing/html?id=14517966&guid=TweeU6p3ktXkK3h

I agree with most of your assessment, however the increase in A/S doesn't mean it won't be followed by an increase in the O/S.
Of course that has not yet been reflected because these new shares have not been issued.
When, and if they are, it will then be reflected in the O/S.
They most likely though will be restricted, this helping to keep the float the same.
AJMHO
GL