Wednesday, January 13, 2021 8:59:22 AM
Since, I have talked this subject to the CEO, CFO, and Director Peter D who is the second-largest holder. I believe they now understand that there is no reason to use this. But, since it really is moot, I did not tell them to look silly by voting against their own measure so I assume they will vote for it. But I and a number of my large holder friends will give their own heads-up on the subject by voting against #5 on the proxy.
However, as long as they have the increased authorized and an omnibus preferred authorized, there is no deal no matter what size that can't be done without a reverse. If it is so big a company that it can't be covered by the new 250K authorized, then they can make up the difference with the Preferred.
But think about it. Let's say they do a deal with a bonified private company doing $50 million and netting $5 million. It's a 90-10 deal. there would be 210 million shares outstanding. But for all practical reasons, due to insider trading restrictions, there will only be some 9 to 11 million shares trading float out of a 210 million authorized against a stock that today is at .06 cents.
And I reiterate, This is the Cleanest Fully reporting merger "vehicle" from every imaginable aspect. Thit alone is worth 10% in stock to a interested company that is already profitable and doesn't need to through all the trouble and grief of doing a Brokered IPO.
Recent BTTC News
- Form S-1/A - General form for registration of securities under the Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 09/03/2024 05:52:38 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 06/12/2024 08:30:23 PM
- News of Multi-Million Dollar Solar Project Sale Sending Shares Higher in Afternoon Trading • AllPennyStocks.com • 06/06/2024 07:50:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/05/2024 08:30:21 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 05/22/2024 12:30:34 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/15/2024 08:31:25 PM
- Form SC 13D - General statement of acquisition of beneficial ownership • Edgar (US Regulatory) • 05/10/2024 11:08:52 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 05/10/2024 10:10:01 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/07/2024 08:30:30 PM
FEATURED Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM
One World Products Issues Shareholder Update Letter • OWPC • Sep 11, 2024 7:27 AM
Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • KGKG • Sep 10, 2024 1:30 PM