because in January it reduced the authorized shares to 1 billion and now increases them to 3 billion over the priviloegies A, B, C?
because 756,250,000 ordinary shares will be used to pay part of the acquisition at an exercise price of 0.0015
I'm not short I'm just saying what's going on but there are people here who believe in fairy tales and don't want to hear reasons .... if you don't believe me or Krony at least read the official documents.
PROPOSAL 4 24 febb. 2021
APPROVAL TO SUBMIT A CHANGE TO THE COMPANY'S CONSTITUTIONAL ARTICLES TO INCREASE THE SHARES OF AUTHORIZED COMMON SHARES
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We seek shareholder approval for submission of amended and redrafted articles of incorporation to increase the authorized shares of the Company's common stock to three billion (3,000,000,000) shares. The proposed amended and reformulated Articles of Association are attached to this document as Appendix D.
The Board unanimously approved and recommended to seek shareholder approval of this proposal to submit the amended and restated Articles of Association to increase the authorized shares of the Company's common stock to three billion (3,000,000,000) shares, the February 10, 2021.
Purpose of the increase in authorized ordinary shares
It is necessary for the Company to increase its authorized ordinary shares in order to remotely meet the necessary stock reserves a) for the conversion of the Series B Preferred Shares, b) for the conversion of the Series C Preferred Shares, and c) for the detailed financing The Company's current report on Form 8-K, as filed with the SEC on February 24, 2021, which includes those shares of Common Stock necessary to reserve the conversion of the Notes and Warrants detailed therein, and d) to allow the Company to authorized common stock sufficient to issue shares as needed to fund future rounds, either through private placement offers or a planned registration statement on Form S-1.
