Friday, January 01, 2021 9:20:19 PM
Please explain when they state 51,430,500 shares, What does it mean? Also why does the Transfer Agent need to keep 3X this number for the purchaser. What does that mean?
An irrevocable letter of instruction to the Company’s Transfer Agent, instructing the Transfer agent to maintain for the benefit of the Purchaser, 51,430,500 shares of its common stock initially, and at all times thereafter, three times (3x) the number of common shares needed to by the Purchaser to convert all shares of Preferred Stock held by the Purchaser.
Amho
Good luck to all!
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