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Friday, February 19, 2021 8:30:18 AM
The price they were given was par value. They were recorded as a liability in case he had to buy them back from shareholders. He then increased the A/S in order to not do that. It clearly states it in the filing. Case law for Nevada only gave 2 options, buy them back or increase the A/S. You dont go to custodianship hearings and argue about shares... and if you dont show up your shares get returned ?
Less than 1 billion?
So that means that the 7k followers on stocktwits own an average of 142k shares. That is an insanely low number for something that started at .0001. I myself still have 3m shares left. One could argue that maybe not all followers on stocktwits own shares, my response would be maybe not all shareholders are on stocktwits either.
I do believe that many many shares are in the hands of people who believe in Wei and what he might bring to the table. The have their core positions ready for a possible bigger payday.
I like most here will be excited to see the true float.
GLTY
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